News

Oil prices headed for weekly gains on renewed Middle East supply concerns, while SK Hynix debuted on Nasdaq, Micron stayed in focus, and Volkswagen unveiled its restructuring plan.

US stock markets are closed on July 3 for the Independence Day holiday, while oil prices stabilize, Asian stocks advance, and central banks continue boosting gold reserves.

The SP 500’s CAPE ratio has climbed above 40 for only the second time in a century, while oil and aluminum prices fall as recovering supply reshapes market expectations.

Global markets opened the week cautiously as USD/CAD retreated from a 14-month high, USD/JPY hovered below 162.00, and WTI crude slipped under $70 ahead of key US economic data.

Apple’s price hikes and a global AI-driven memory chip shortage weighed on tech stocks, while Asian markets and oil prices also declined amid renewed investor caution.