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Stocks Gain on Bank Earnings, Rate Cut Optimism: Markets Wrap - Vimarsana News

Stocks Gain on Bank Earnings, Rate Cut Optimism: Markets Wrap

(Bloomberg) — Stocks remained close to their highest levels in about a month, with investors at crossroads about how much further the market can sustain the rebound from April’s selloff. Equities are set for a consolidation amid stretched positioning, according to JPMorgan Chase & Co. strategists. A pair of contrarian sentiment indicators from Bank of…

Oil pushes closer to $100, stoking inflation worries • BusinessMirror - Vimarsana News

Oil pushes closer to $100, stoking inflation worries • BusinessMirror

Oil prices pushed closer to $100 a barrel, stoking expectations interest rates will stay higher for longer and keeping pressure on global markets. The US benchmark oil price briefly surpassed $95 a barrel for the first time in more than a year and Brent traded near $97 after a drop in stockpiles at a major