Asian markets dipped Tuesday as soaring oil prices, driven by Middle East tensions, ignited inflation fears. This surge prompted investors to dial back expectations for imminent interest rate cuts. The dollar held firm, while gold saw a slight uptick. Bond yields climbed as concerns grew about energy costs impacting inflation and potentially delaying Federal Reserve easing.
Boeing cuts delivery target, shares hit 18-month low as recovery takes longer
Boeing has announced a cut in its 737 Max delivery target for this year, which raises concerns. The company now aims to increase 737 production