Markets Edge Higher Amid Iran Tensions, CPI Looms
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Stock markets closed higher today, with the S&P 500, Dow, and Nasdaq gaining modestly. However, Australian futures point to a drop at open. Crude oil prices surged, with Brent and WTI hitting new highs, as OPEC+ flagged lasting supply hits from Middle East damage. Traders reacted to softer US services data and Trumps Iran deadline, leading to increased volatility. Analysts at Morgan Stanley see the S&P carving a bottom, urging buys in cyclicals and strong growth stocks. Eyes shift to Fridays March consumer price index, forecast for a significant jump, fueled by gas surge from tensions. Stock-wise, Foxconn posted thirty percent quarterly sales growth, Soleno jumped on takeover buzz, and OpenAIs COO moves to special projects. Markets stay on edge for the next twist.
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