U.S. stocks are climbing with markets worldwide on Monday after oil prices and yields in the bond market gave back some of their jumps from last week.
asserted
prices → climb → week
The S&P 500 rose 1.5 per cent and pulled within 0.4 per cent of its all-time high set last month.
asserted
S&P → rise → high
They got help from the price for a barrel of Brent oil falling 3.4 per cent to $100.29 USD.
asserted
They → get → USD
While that’s still much higher than its roughly $72 price from earlier this summer, it’s down from the nearly $110 it touched last week.
asserted
it → ’ → 110
Oil prices are swinging up and down as some crude from the Middle East is able to sail through the Strait of Hormuz, though nowhere nearly as much as the industry and customers would like because of the war with Iran.
asserted
industry → swing → Iran
Morgan Stanley’s Michael Wilson said another leg higher in prices for oil, gasoline and other refined products is the main risk he sees in the near term that could keep the U.S. stock market from rising to his forecasted target for the year’s end.
uncertain
that → say → end
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The average price for a gallon of regular gasoline across the United States has already climbed to nearly $4.48 USD, according to AAA.
uncertain
price → get → AAA
That’s up from less than $4.32 USD just a week earlier and from $3.18 USD a year ago.
asserted
That → ’ → USD
Monday’s pullback in oil prices helped lower the pressure coming from the bond market.
asserted
pullback → lower → market
The yield on the 10-year Treasury eased to 4.97 per cent from 5.01 per cent late Friday after it crossed above the five per cent threshold last week for the first time in three years.
asserted
it → ease → years
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unions → promise → vote
Edmontonians gather for clothing repair event: ‘Quiet act of rebellion’
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Edmontonians → gather → rebellion
As rivals China and U.S. prepare for AI meeting, here are the top concerns
Yields have been on the rise because of worries about inflation, big debt loads for governments worldwide and other factors.
asserted
been → prepare → governments
That hurts the economy because high yields make it more expensive not only for the U.S. government to borrow money to pay its bills but also for households and businesses.
asserted
government → hurt → households
Worries remain about how much oil is available for customers worldwide, ING commodities strategists Ewa Manthey and Warren Patterson wrote in a commentary on Monday.
However, they said profit-taking by investors after the recent jump in oil prices, together with hopes for constructive discussions at this week’s UN General Assembly and at a meeting between China’s and the United States’ leaders, helped improve optimism.
asserted
taking → remain → optimism
U.S. Treasury Secretary Scott Bessent told reporters following talks Sunday with Chinese Vice Premier He Lifeng in New York that the U.S. had “a very successful engagement” with the Chinese side.
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U.S. → tell → side
Bessent said talks with China touched on trade and AI.
asserted
talks → say → trade
China and the United States have been discussing reciprocal tariff reductions on $30 billion worth of goods from each side.
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China → discuss → side
In Beijing, China’s Foreign Ministry on Monday confirmed that Xi Jinping will pay a state visit to the United States between Sept. 23 and 25.
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Jinping → confirm → Sept.
Experts and policymakers believe trade, tariffs, and AI safety are likely among the topics to be on the agenda.
asserted
trade → believe → agenda
The war in Iran and developments in the Middle East and ties between China and Iran could also be discussed.
uncertain
war → discuss → China
On Wall Street, stocks in the artificial-intelligence industry continued to stabilize following their worldwide slide at the start of last week.
asserted
stocks → continue → week
Leaders of the AI industry have recently warned a slowdown is needed in the industry’s development for the safety of humanity.
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slowdown → warn → humanity
Stocks enmeshed in the cryptocurrency industry, meanwhile, rallied after bitcoin’s price rose back above $85,000 and returned to where it was in January.
asserted
it → rally → January
Stock indexes around the world also climbed thanks to the easing of oil prices and bond yields.
asserted
indexes → climb → prices
Indexes gained 0.9 per cent in France, 1.2 per cent in Hong Kong and 1.6 per cent in South Korea.
asserted
Indexes → gain → Korea
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