Overview
- The German blue-chip index, which slipped below 24,000 on Tuesday after renewed losses, is priced by IG to open near 24,100 on Wednesday.
- Brent traded around $105 and WTI near $100 after flows through the Strait of Hormuz stayed constrained, with Saudi Aramco’s chief saying about one billion barrels were lost in two months.
- Talks between the United States and Iran remain stuck after President Trump called Tehran’s latest reply unacceptable on Sunday, and investors now look to his meetings with Xi in Beijing for signs China could help mediate.
- US inflation reached 3.8% in April, the highest in three years, as fuel prices jumped 28.4% from a year earlier and broader energy costs rose 17.9%.
- US stocks notched small gains Monday on ongoing excitement around artificial intelligence, while European benchmarks weakened as rising oil costs weighed on growth and earnings hopes.