Peter McGuire discusses the unexpected tariff developments impacting India, noting potential pressure on manufacturers. He also addresses the recent oil price jump, attributing it to news-driven factors and potential secondary sanctions on Russian crude purchases. McGuire anticipates crude oil prices to remain range-bound between $60-$70, forecasting a supply glut towards the end of Q3 or early Q4.
US stocks: US market ends mixed as investors focus on Big Tech earnings
Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major