Nvidia reported quarterly results that surpassed high expectations, boosting its stock and the broader tech sector, even as new data showed U.S. inflation running slightly hotter than forecast.
European natural gas contracts held steady off one-week lows, with traders weighing diplomatic efforts to secure the Strait of Hormuz against persistent concerns over the bloc's low storage levels.
Canada has revised its list of retaliatory tariffs on U.S. goods, removing seafood and fish products from a planned $20 billion package of levies set to take effect in September. The adjustment follows industry feedback and aims to mitigate domestic economic harm amid an escalating trade dispute.
Six months into a major Middle East conflict, severe supply disruptions have eroded OPEC+'s ability to steer oil prices, while China's reduced crude imports have emerged as a new dominant force in balancing the global market.
Crude oil prices fell for a fourth straight session on hopes that talks between Iran and Qatar could de-escalate Middle East tensions and lead to the reopening of the vital Strait of Hormuz waterway.
A devastating flood triggered by a glacial collapse on the Nepal-China border has killed hundreds and left many more missing, while destroying critical infrastructure including a key trade port, hydropower projects, and crippling the region's vital tourism industry.
Gold prices rebounded on Thursday, recovering from a drop caused by persistent U.S. inflation data, as investor focus shifts to Federal Reserve Chair Kevin Warsh's first major policy address.
Crude oil prices fell for a fourth consecutive session amid reports of potential diplomatic progress involving Iran, which could ease supply disruptions through the critical Strait of Hormuz.
The White House has signed a proclamation to temporarily increase the tariff-free import quota for lean beef trimmings by 300,000 metric tons, a move aimed at lowering high consumer prices but opposed by U.S. ranching groups.
