Goldman Sachs warns that the Federal Reserve's interest rate outlook is a primary risk for U.S. equities, noting that a hawkish shift could overshadow an otherwise solid corporate earnings season.
Iran launched retaliatory missile and drone attacks on U.S. military infrastructure across several Gulf nations, ending a fragile ceasefire and intensifying risks to regional stability and global energy supplies.
Crude oil benchmarks settled roughly 2% lower on Thursday as investor concerns over global inflation and weakening economic growth overshadowed escalating geopolitical tensions between the U.S. and Iran.
Oil prices are on track for a weekly gain of over 5%, as military exchanges between the U.S. and Iran stoke supply fears that are currently outweighing concerns about global inflation and its impact on demand.
The International Energy Agency projects global oil demand will fall by 1 million barrels per day this year, the first such decline since 2020, citing severe export disruptions from the conflict in the Middle East.
Australian authorities confirmed the first case of the H5N1 avian influenza in a native seabird, signaling a potential new phase of the virus's spread and heightening concerns for the country's agricultural sector.
European wholesale gas prices declined after shipping data confirmed that LNG tankers are still navigating the Strait of Hormuz, allaying immediate supply cutoff fears despite high military tensions in the region.
Chicago wheat futures reached their highest point in six weeks as traders positioned for an anticipated U.S. Department of Agriculture report expected to show a reduction in domestic grain inventories.
China has imposed an immediate temporary ban on helium exports, a move aimed at protecting its domestic semiconductor industry as renewed conflict in the Middle East threatens global supplies of the critical gas.
