Wall Street’s stagflation fears are easing thanks to the mere hint of a U.S. deal with Iran
Wall Street's fears of stagflation are easing due to positive signals regarding U.S.-Iran negotiations. This optimism has led to a rise in market indices, with the S&P 500 hitting a record high. Analysts suggest that while concerns about supply shortages remain, the overall impact on growth is expected to be limited.
- ▪S&P 500 futures are up 0.05% as markets react positively to potential U.S.-Iran deal.
- ▪Deutsche Bank noted that the S&P 500 hit a record high, advancing for a sixth consecutive session.
- ▪Goldman Sachs warned of potential supply shortages in non-oil commodities, but the impact on growth is expected to be contained.
Opening excerpt (first ~120 words) tap to expand
Good morning. On Fortune’s radar today: Markets are ready to see past their worst stagflation fears We might be having the wrong conversation about AI job upheaval Inside wellness sector’s $10 trillion potential Voters want to see a plan for national debt THE MARKETS S&P 500 futures are up 0.05%. In Europe, the Stoxx 600 is up 0.57% in early trading, and the U.K.’s FTSE 100 is 0.18% before lunch. Asia: South Korea’s KOSPI is back to form, up 3.55%. Japan’s Nikkei 225 is up 2.53%. India’s Nifty 50 is down 1.5%. China’s CSI 300 is down 0.45%. Brent crude is at $91 a barrel this morning. Bitcoin is at $73,601.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
Discussion
0 commentsMore from Fortune
