Oil markets are closely watching President Trump’s efforts to mediate between Ukraine and Russia, impacting regional stability and energy flows. The Federal Reserve’s upcoming Economic Policy Symposium in Jackson Hole is also a key event, with Jerome Powell expected to unveil the Fed’s new policy framework. Market anticipates potential rate cuts in September amid signs of labor-market weakness.
US stocks today: S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire
The S&P 500 and Nasdaq hit record closing highs as hopes of a US Iran ceasefire extension boosted sentiment. Investors also digested US inflation rising