Stocks Rise as Oil Slides and US-China Talks Lift Sentiment - Europe Market Wrap
Stocks and bonds advanced as falling oil prices and optimism ahead of this week’s Trump-Xi summit boosted risk appetite. S&P 500 futures rose 0.7% and Nasdaq 100 contracts gained 1.1%, helped by strength in chip stocks. The Dollar was little changed, while the US 10-year yield fell 5 bps to around 4.95%. Oil extended its decline for a fourth session as traders tracked diplomatic efforts surrounding the US-Iran conflict and improving crude flows through the Strait of Hormuz. Brent fell around 2% toward $102 a barrel, with Trump saying he could meet Pezeshkian during the UN General Assembly. Bessent described talks with Chinese counterparts as “very successful,” covering trade, AI and investment ahead of the Trump-Xi meeting. US officials also said oil and LNG shipments through the Strait of Hormuz had reached their highest level in six months, easing some concerns over regional supply disruptions. European stocks also rose as lower energy prices eased inflation concerns, with technology and banking shares among the gainers. Treasury investors continued shifting toward shorter maturities as expectations remain that the Fed will eventually bring inflation under control. US retail dies
Stocks and bonds advanced as falling oil prices and optimism ahead of this week’s Trump-Xi summit boosted risk appetite. 1%, helped by strength in chip stocks. 95%. Oil extended its decline for a fourth session as traders tracked diplomatic efforts surrounding the US-Iran conflict and improving crude flows through the Strait of Hormuz.
Brent fell around 2% toward $102 a barrel, with Trump saying he could meet Pezeshkian during the UN General Assembly. Bessent described talks with Chinese counterparts as “very successful,” covering trade, AI and investment ahead of the Trump-Xi meeting. US officials also said oil and LNG shipments through the Strait of Hormuz had reached their highest level in six months, easing some concerns over regional supply disruptions. European stocks also rose as lower energy prices eased inflation concerns, with technology and banking shares among the gainers.
Treasury investors continued shifting toward shorter maturities as expectations remain that the Fed will eventually bring inflation under control. 50 a gallon, keeping pressure on transport costs. Goolsbee said the Fed should avoid overreacting to supply-driven energy shocks, while acknowledging that tighter policy could still be painful.