Oil Prices

Paper products among hardest-hit sectors after trade negotiations broke down, with 25-50% tariffs estimatedAre you a Canadian boycotting US products? We’d like to hear from youUsing the bathroom or having a cry is about to become more expensive for North Americans as the US and Canada enter a full-fledged trade war that threatens to flush away decades of peaceful trading between the two nations.After trade negotiations broke down between the two countries last weekend, Mark Carney, the Canadian prime minister, vowed to match US tariffs “dollar for dollar” and unveiled a list of nearly 900 American goods that will face 25% to 50% tariffs starting on 8 September. Continue reading...

• The Dow Jones Industrial Average rose 0.68% on Friday, recovering from a sharp sell-off on Thursday triggered by rising Treasury yields and disappointing Walmart results. • Investors remain cautious as fluctuating oil prices and the Federal Reserve's interest rate outlook continue to impact market volatility. • Market participants are now focusing on upcoming PCE inflation data and Kevin Warsh’s Jackson Hole speech for clues regarding future monetary policy.

• Asian stock markets experienced a sharp decline following a pullback from Wall Street's all-time highs, driven largely by a resumed slump in artificial-intelligence stocks. • South Korea's Kospi index saw a significant drop of 5.2%, with Tokyo's Nikkei 225 also facing downward pressure. • The market volatility coincides with a jump in oil prices, adding further economic uncertainty to the region's financial landscape.

• Euro zone government bond yields paused their recent upward trend on Wednesday, following a period of stability in the U.S. Treasury market. • Despite the stabilization in bonds, global markets remain under pressure due to a continuous surge in oil prices. • The shift in bond yields reflects a fluctuating global sentiment as investors balance Treasury stability against rising energy costs.

• European shares declined on Tuesday, with the STOXX 600 falling 0.2% due to rising inflation concerns. • Brent crude prices climbed to $91.41 a barrel, boosting energy stocks by 0.6% while weighing on broader market sentiment. • Germany's 10-year Bund yield reached its highest level since 2011, reflecting increased pressure from rising bond yields across the euro zone.

• Global oil markets are shifting their expectations to account for a potentially prolonged crisis in the Strait of Hormuz, rather than a brief geopolitical shock. • Analysts are evaluating whether persistent disruptions in this critical shipping lane could sustain elevated oil prices through 2027. • This shift matters because the Strait of Hormuz is a primary artery for global energy supplies, and long-term instability threatens global economic stability and inflation.

Brent crude rises above $90 a barrel for the first time since 30 July after US president tells Tehran to surrenderBusiness live – latest updatesOil prices have risen again after the two-month window to negotiate a peace deal in the US-Israel war on Iran expired on Monday with no end to the conflict in sight.Iran said on Monday that it would take a more aggressive stance if talks with the US failed, while Donald Trump demanded Tehran “put up the white flag of surrender” in an interview with Fox News. Continue reading...