June
S&P 500 Erases Trade-Fueled Decline as Bonds Slide: Markets Wrap
A rebound in big tech drove stocks higher after a slide driven by weak manufacturing, trade and geopolitical risks. Bonds fell as the dollar headed toward its lowest since 2023. Among policymakers speaking was Federal Reserve Chair Jerome Powell, who didn’t comment on the rate outlook.
Oil rebounds after OPEC+ sticks to 411,00 b/d output hike
Crude prices rebounded more than $1 a barrel on Monday after OPEC+ member countries agreed to pump 411,000 more barrels per day (b/d) of crude in July, the same amount as it did in each of the prior two months.
Airline Industry Benefiting From Lower Oil Price, IATA Head Says
The global aviation industry is benefiting from lower oil prices because they’re bringing down the cost of kerosene, the head of the IATA industry association said.
