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Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Traders digest Iran-driven energy stress, a record-setting April for stocks and a flood of Tuesday earnings led by AMD.
Australia's central bank hiked its benchmark rate for a third straight month, bringing rates to near levels seen before the two cuts announced last year as Middle East conflict-driven energy prices pushed inflation to a three-year high.
Traders weigh fresh Strait of Hormuz developments and US-Iran diplomatic signals ahead of the New York open.
Manufacturing expanded in April, but surveys revealed softer employment, weaker exports, and rising prices, suggesting activity remains resilient while inflation pressures and supply-chain concerns continue to build.
Japan appears increasingly willing to defend the yen against excessive weakness, but lasting currency gains typically require support from narrower rate differentials, Fed easing, or coordinated global action.
The U.S. economy is grinding along at a healthy pace, with growth reaccelerating after fourth quarter’s slowdown and inflation rising, although in line with expectations.
The central bank clarified that “the implications of the war for medium-term inflation and economic activity will depend on the intensity and duration of the energy price shock and the scale of its indirect and second-round effects.”
Alphabet, and Amazon shares rally following first-quarter earnings, thanks to the ongoing AI momentum, although Meta's capex shock tempered the mood, and crude oil pulled back from a four-year high.
Euro area GDP grew just 0.1% in Q1, while April inflation jumped to 3%, driven by soaring energy prices as the U.S.-Iran war triggers a supply shock.
The Fed held rates steady at 3.50%-3.75% for a third straight meeting, flagging Middle East-driven inflation risks, as Powell prepares for his likely final press conference before his May 15 exit.
Bank of Canada kept rates unchanged as war-driven energy inflation accelerated, mirroring global policy caution and intensifying focus on the Federal Reserve’s upcoming rate decision.
Strong computer and electronics orders helped boost durable goods orders in March, helping to snap a three-month declining streak.