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The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.
Global stocks rose, led by AI-linked tech shares, while oil fell on reports more supply was leaving the Gulf than previously thought. The note also listed closing levels for major equity, bond, currency and commodity markets.
US Defense Secretary extends Mideast deployments into 2027, with reports of heightened troop strain amid Iranian Army claims of latest attacks on US bases in Kuwait and the UAE.
LiveSquawk reports US strikes on Iran tankers under a new “tanker for tanker” policy, with Middle East hostilities lifting oil prices. Europe joined a global bond selloff as a result.
() -- Kuwait's crude oil production surged to 1.65 million barrels per day in June, up from 580,000 b/d the previous month, as the OPEC member ramps up exports following a US-Iran peace deal, Reuters reported Thursday, citing industry sources. The increase indicates that oil flows through the Gulf are rebounding after
Wirth sees Iran exporting up to 2M barrels of oil a day