DailyEdge

Oil extended gains to more than 10% following attacks on some of the Middle East’s most important energy facilities, raising concerns of an escalating impact from the almost three-week-old conflict that has no end in sight.

As Federal Reserve officials gather for their two day policy meeting this week, the oil shock from the Iran war could deepen divisions within the central bank over the path forward on interest rates.

U.S. stock index futures slipped on Tuesday as the Middle East conflict pinned oil prices near $100 a barrel, fueling inflation concerns ahead of the Federal Reserve’s two day meeting.

Nebius Group said on Monday it has signed a new five year deal with Meta Platforms to provide the social media giant with $12 billion of dedicated AI capacity across multiple locations.

Stocks steadied on Friday after a headlong sell off as investors assessed the latest moves in a still hot Iran conflict ahead of an inflation reading key to Federal Reserve policy thinking.

US stock futures retreated on Thursday as oil prices pressed higher amid signs the Iran war is widening across the Middle East and threatening disruption to energy supplies.

US stock futures faltered on Wednesday as investors monitored the latest developments from the Iran war fallout and braced for the latest inflation report to help shape expectations for the economy and Federal Reserve policy.

Oil tumbled after US President Donald Trump said the Iran war will end soon, as he faces mounting pressure over the conflict that’s upended global energy markets and sparked concerns about an inflation crisis.

Oil smashed through $100 a barrel as more major Middle East producers cut output, with a standstill of tanker traffic through the vital Strait of Hormuz choking off supplies to the rest of the world.

Is the labor market stabilizing or sliding backward after last year's onslaught of dismal data? On Friday morning, all eyes will be on February's jobs report for clues.