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Inflation Calms Markets Amid Geopolitical Tension | Sydney News
Description
Stocks steadied after a shaky market, fueled by unexpectedly lower U.S. inflation that’s now cooling Fed rate hike bets. Oil prices surged amid rising U.S.-Iran tensions, pushing Brent crude above $87. Tech rebounds—Nvidia and Micron included—hint at AI demand resilience, but uncertainty lingers over whether chip demand can match soaring expectations. Banking profits at BofA and Goldman Sachs show consumer spending holds, while IBM tumbled as AI price fears shift spending patterns. Geopolitical risks remain the biggest wildcard.
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