Oil prices fell by more than 5% to below $81 amid reports that the U.S. and Iran have reached a ceasefire. Brent meanwhile dropped 2% to $85.
Iran and Oman are now aiming to establish a permanent shipping route through the Strait of Hormuz within 60 days.
The U.S. said there are no ongoing talks with Iran.
Event of the day: The U.S. core personal consumption expenditures price index. Forecast: 3.3%. A reading below that level will boost markets.
Report of the day: Nvidia. The stock price is ending its streak of 7 losing days in the hours ahead of today’s earnings report.
Stocks rose ahead of earnings reports in each of the last 5 quarters. Then they fell the next day after each of the last 4.
Bitcoin fell to $78.8k. Inflows to the ETF on 25.08 totaled $314 million.
Iran and Oman are now aiming to establish a permanent shipping route through the Strait of Hormuz within 60 days.
The U.S. said there are no ongoing talks with Iran.
Event of the day: The U.S. core personal consumption expenditures price index. Forecast: 3.3%. A reading below that level will boost markets.
Report of the day: Nvidia. The stock price is ending its streak of 7 losing days in the hours ahead of today’s earnings report.
Stocks rose ahead of earnings reports in each of the last 5 quarters. Then they fell the next day after each of the last 4.
Bitcoin fell to $78.8k. Inflows to the ETF on 25.08 totaled $314 million.