
U.S. Sindices jumped by more than 1% yesterday, sparked by easing geopolitical tensions, as President Trump backed off planned Europe tariffs and announced a framework for a deal over Greenland. Dow Jones, Nasdaq, and S&P 500 all jumped about 1.2%, with the Russell 2000 hit a record close above 2,700, led by gains in financials and energy sectors.
Markets are now focused on upcoming economic data, including the Fed’s preferred PCE inflation numbers, weekly jobless claims, and earnings from Intel.
EURUSD slipped more than 0.3% late Wednesday as the euro weakened after easing U.S.–EU trade tensions boosted the US dollar. The improved sentiment supported the greenback, with the Dollar Index rising about 0.2% to 98.80.
In the commodities market, oil prices edged higher today, supported by supply disruptions in Kazakhstan, an improved demand outlook for 2026, and easing U.S.–Europe tensions after President Trump softened his stance on Greenland and canceled planned tariffs. Brent rose to around $64.57 a barrel and WTI to about $60.81.
Gold rebounded from early Asian losses on Thursday and hovered near $4,825, trading nearly flat as mixed drivers offset each other. The precious metal came under pressure after President Trump walked back tariff threats against eight European countries and ruled out taking Greenland by force, boosting global risk appetite and reducing demand for safe havens.
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