- Spanish/Italian 10yr bond spread narrows to 10 bps
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Power costs surge 11%! Customers squeezed as electricity prices track CPI. Data centers may offer relief.
S&P 500 up 37% since April, but perma-bull Yardeni sees 5% downside risk as sentiment stretches.
Earnings beats are strong, but traders eye two risks. S&P 500 hits records on trade & earnings optimism.
AI demand fuels Nasdaq 0.59% rise; NVDA up 1.6%. Rate cut odds dip to 69%.
Russian oil majors Rosneft & Lukoil face US sanctions, impacting supply. Prices near $65/bbl, demand outlook strong.
Tariffs disrupt supply chains, hitting corporate earnings by $35B+. Traders eye potential 15% 'new normal' tariffs.
OPEC+ pauses hikes, boosting oil ($60-$64/bbl). BP & Shell gain on refining margins. Ryanair shares jump 2.9% on strong earnings.
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