Global markets face volatility driven by rising energy costs, geopolitical tensions, and interest rate concerns.
Key Points
Global energy markets are on edge as Saudi Arabia reports drone strikes on an oil pipeline, coinciding with a surge in oil prices to $105 per barrel.
The U.S. 10-year Treasury yield hit its highest level since 2023, reflecting investor concern over persistent inflation and potential interest rate adjustments.
Home sales in the U.S. declined last month, pressured by mortgage rates that have climbed to their highest point in over a year.
Oracle stock fell despite strong earnings that addressed AI spending concerns, while Dell and HPE saw gains as hardware demand remained upbeat.
Macy's stock showed signs of a potential turnaround after reporting earnings that exceeded analyst estimates and offering an improved financial outlook.
Amazon Pay India is planning a strategic expansion into insurance products, including travel coverage, as part of a broader financial services push.
The Pakistani government enacted another round of fuel price hikes, increasing petrol and diesel costs for the fifth consecutive review period.
Analysts highlight the growing role of private credit in financing massive infrastructure projects related to energy and artificial intelligence.
Social Security recipients may see a cost-of-living adjustment (COLA) increase in 2027, though experts warn it signals entrenched inflation.