Inflation in the U.S. in June was significantly lower than expected, with the monthly headline rate falling 0.4% and the core rate coming in at 0.0% (vs. -0.1% and +0.2% expected, respectively), while the annual headline rate was 3.5% and the core rate was 2.6% (vs. 3.8% and 2.8%, respectively). As expected, assets at the...

Trump announced yesterday that the U.S. had reactivated the blockade of the Strait of Hormuz, adding today that they would strike Iran hard today and tomorrow, causing a 10% rise in crude oil prices, with WTI returning to $78 and Brent to $83. In equities, U.S. indices fell, led by the Nasdaq, which dropped 1.55% amid a rise in...

The market continues to bet that this new confrontation between the U.S. and Iran will be limited and short-lived, with risk assets rebounding globally today: major stock indices rose 0.5–1.5%, accompanied by a 2.5% drop in crude oil prices (WTI $72; Brent $76), as well as...

Trump’s back-and-forth with Iraq resumed, with a U.S. attack on Iraqi forces in retaliation for their disruption of shipping traffic through the Strait of Hormuz, while Trump said he “doesn’t expect the war to start again; it will be quick.” Equities fell globally, though they were recovering from...

The Dow Jones Industrial Average Hits a High as Concerns Over Fed Rate Hikes Ease U.S. job growth, which was slower than expected, drove most stocks higher, while short-term bond yields fell amid expectations that the...

Most stocks are rising as Warsh says inflation risks are fading. Signs of economic strength and easing inflationary pressures boosted most U.S. stock markets, and Federal Reserve Chairman Kevin Warsh said...

The U.S. and Iran announced that they had reached an agreement to end the war, which would be signed this Friday, triggering a wave of risk-on sentiment in the markets, with the Nasdaq rising nearly 3% and the S&P 500 up 2% following gains of 5% in Japan and 1% in Europe. Rates fell less than expected, dropping 5 basis points in Europe and 2 basis points...

The week closes with the spotlight on SpaceX’s IPO—the largest in history after raising $75Bn—amid a positive day in the markets, with global equities rising and crude oil falling 4% after the U.S. said there is “an 80% probability of a deal with Iran.” The dollar depreciated 0.20% (DXY 99.7)...

Trump canceled his plans to attack Iran, triggering a massive rally in U.S. equities (Nasdaq +2.5%, S&P 500 +1.75%) and Treasuries, whose yields fell 10 basis points, along with a 4% decline in crude oil prices, with WTI closing at $86 and Brent at $89...

Markets are seeing increased volatility amid renewed escalation in rhetoric between the U.S. and Iran, with global equities falling and interest rates rising despite U.S. inflation coming in exactly as expected, at 4.2% year-over-year for headline inflation and 2.9% for core inflation. Crude oil rose 3% and metals fell sharply, leaving...

A day of extreme volatility, amid reports that Iran shot down an American helicopter, to which Trump said the U.S. would have to respond. The Nasdaq was down more than 3% at one point, but closed down just 1% amid a strong recovery in the broader market, which also saw crude oil down 3% along with metals and agricultural commodities. Treasuries rose to...

Asian equities opened the trading session with an average decline of 1.5%, followed by gains in Europe and the U.S., where the Dow led the way with a gain of nearly 2%, accompanied by a 2-4 basis point drop in yields in both Europe and the U.S. In commodities, crude oil fell 3% amid apparent progress in negotiations between the U.S. and Iran...