Oil eases, bringing some respite to stocks and battered bonds

Live updates

1. 2h ago

   Oil Slips, Offering Respite to Stocks and Battered Bonds

   Global stock markets rose and crude oil prices retreated following comments from US President Donald Trump that the United States would not attack Iran prior to next month's midterm elections. The easing of oil prices, which had previously held above $100 a barrel, brought welcome relief to world stocks and battered government bonds despite ticking yields. Meanwhile, technology shares faced pressure due to artificial intelligence spending worries and elevated yields, while individual corporate moves saw Deutsche Telekom shares drop sharply following a SpaceX spectrum deal.

   Why it matters

   Energy supply fears and rising Treasury yields have driven recent volatility across international financial markets, placing pressure on equities and fixed-income assets. Markets remain hyper-sensitive to geopolitical tensions in the Middle East and the massive capital expenditures pouring into artificial intelligence infrastructure. The intersection of energy costs and tech sector spending continues to dictate broader market direction.

   What is confirmed

   • World stocks rose on Friday and oil prices slipped after US President Donald Trump stated the US would not attack Iran before next month's midterm elections.
   • Shares of Deutsche Telekom dropped 7 percent after SpaceX announced an agreement to buy a nationwide low-band spectrum license.
   • Microsoft-backed OpenAI expects annualized revenue to exceed $70 billion by the end of 2026.

   Still unconfirmed

   • Nvidia-backed Firmus has reportedly withdrawn its planned initial public offering due to market volatility and conditions.

   What to watch next

   • Upcoming major bank earnings reports and key economic data releases
   • Developments regarding artificial intelligence infrastructure spending and corporate capital expenditure strategies
   • Further movements in crude oil prices and Middle East geopolitical developments
   Sources used for this update (23)

   1. Bloomberg.com — Tech Stocks to Fall as OpenAI Sinks US Chipmakers: Markets Wrap
   2. Reuters — Tech stocks struggle on AI spending worries, elevated yields
   3. WSJ — AI Stocks Recover as Futures Rise, Oil Slips
   4. AP News — World shares are mostly higher and crude prices fall after an unsettled day on Wall St
   5. Yahoo Finance — Wall Street shares notch records as oil prices stabilize, bond yields retreat
   6. Bloomberg.com — Emerging Markets Gain as Oil Drop, Brazil Vote Boost Sentiment
   7. Columbus Ledger-Enquirer — Oil relief lifts European stocks, telecoms a weak spot
   8. Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures rise as oil prices fall, tech recovers
   9. Bloomberg.com — US Stocks Set to Rebound as Oil Slips, AI Bubble Fears Recede
   10. Investor's Business Daily — Dow Jones Futures: AI Stocks Rebound From OpenAI Slide; SpaceX, Verizon, Delta, Apple Early Movers
   11. www.newsbreak.com — Oil eases, bringing some respite to stocks and battered bonds - NewsBreak
   12. www.omanobserver.om — Oil eases, bringing some respite to stocks and battered bonds - Oman Observer
   confidence 85%