Global markets face complex risks from geopolitical tensions and fragmented oil prices. Economist Jahangir Aziz highlights that Brent crude is not the sole indicator. He believes the US Federal Reserve will not cut rates this year, with a potential hike in 2027. Persistent inflation could lead to demand destruction. Investors must look beyond surface-level signals.
US stocks today: S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
U.S. stocks ended higher as softer June inflation data and strong bank earnings lifted sentiment despite escalating Middle East tensions. Nasdaq outperformed on chip gains,