Asian markets saw gains, led by Japan, after its central bank addressed ETF concerns. Australian and South Korean shares also increased. US equity futures showed mixed performance amid H-1B visa fee worries. Trump touted progress on China issues. Wall Street reached new highs, fueled by rate cut prospects. Focus shifts to China’s loan rates and upcoming economic data.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.