Rob Verdonck

Brent crude climbed above $90 a barrel for the first time since October, extending a rally driven by OPEC+ production cuts, strong demand and heightened geopolitical risks.

Brent crude climbed above US$90 a barrel for the first time since October, extending a rally driven by OPEC+ production cuts, strong demand and heightened geopolitical risks.

Wall Street looks ahead to consumer price index on Wednesday Traders now favor two interest-rate cuts by the Fed this year

S&P 500 staged late-day rebound to close little changed Treasury yields fall after hitting the highest levels in 2024

US bond yields jump after Fed chief signals rate-cut delay Dollar notches best run since October 2022; S&P 500 retreats failed to render body of article

Stocks in Asia were set to open higher after a US rally in tech heavyweights , whose high-stakes earnings are being seen by Wall Street investors as a major test of the bull run in equities.

Stocks in Asia are set to start May lower after renewed concerns that the Federal Reserve will keep interest rates higher for longer helped fuel a sell-off in US benchmarks and boosted bond yields and the dollar.

Oil extended a decline on the prospect a cease-fire in the Middle East will ease tensions and as signs of elevated inflation weigh on the outlook for US demand ahead of a Federal Reserve meeting.

Oil extended a decline, with industry data pointing to a gain in U.S. crude inventories ahead of a U.S. Federal Reserve policy decision due later.

Stocks in Asia are set for a mixed open following a sluggish US session, with investors split on whether the market can sustain this month’s rally given economic crosscurrents.