U.S. Stock Futures Steady as French Fiscal Pressure Raises Contagion Risk
U.S. stocks were steady and Treasurys largely strengthened, while the dollar gained against the euro amid concern that French fiscal stress could spread elsewhere on the continent.
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Euro Drops to 16-Month Low as French Fiscal Strain, Spanish Snap Election Weigh
The euro was weighed down by France's fiscal woes and Spain announcing a snap election.
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French, Spanish Bond Yields Rise on Fiscal, Political Uncertainty; Treasury Yields Steady
French government bond yields rose, staying at elevated levels amid building concerns over the country's indebtness.
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ECB's Lane Sees 'Demand Destruction' Muting Energy Impact On Inflation
The recent rise in energy prices may cool demand in the eurozone that would limit the need for rate rises to contain inflation, ECB's Chief Economist Philip Lane said.
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Aramco CEO Says Oil Inventories Could Take Two Years to Rebuild
Amin Nasser said the global supply cushion was scarily thin, with estimates less than 6 billion barrels of commercial inventories remain-and most of that wasn't practically available.
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Saudi Arabia Slashes Crude Prices for Asia as Exports Recover
Saudi Aramco lowered the official selling price for November shipments of its Arab Light crude to Asia by $3 a barrel to a discount of $5 a barrel to the Oman/Dubai benchmark.
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What Bessent is now saying after bond yields didn't stop rising on 'I am the house' remark
In a televised interview with Axios, Treasury Secretary Bessent defended his department's record in the bond market and walked back his "I am the house" declaration from a month ago.
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Oil Falls as G-7 Plans Crude, Diesel Release, But Hormuz Risks Persist
Oil prices fell with traders weighing an emergency oil and diesel stock release, renewed attacks around the Hormuz Strait and persistent supply risks.
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Hormuz Gridlock Risks Global Food Crisis, International Chamber of Commerce Chief Says
Focus has been on the resulting rise in oil prices, but it is potential food shortages the world should be paying attention to, ICC secretary-general John Denton said.
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The Mighty American Consumer Is Crashing Through Inflation and Driving Growth
Spending is rising because prices are climbing and Americans are buying more stuff.
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How Gas, Diesel and Electricity Prices Are Squeezing American Voters
Many say energy prices are top of mind as they head to the ballot box in November.
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Oil Was Pouring Out of Hormuz Again. Then Attacks on Ships Resurged.
Iran's targeting of ships has improved, according to a U.S. official, making transits through the Strait of Hormuz riskier.
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Paramount's $52 Billion Debt Sale Shows How Higher Rates Are Biting Corporate America
The media company paid through the nose for its record-setting bond deal. Other corporate issuers will too.