The Intelligence Layer Beyond Your Own Book

Brent crude continued its sharp decline, falling 0.70% this morning to around $78.75 a barrel after dropping 6.74% yesterday amid growing optimism that the U.S. and Iran are close to reaching a 60-day interim agreement to reopen the Strait of Hormuz without tolls.

Spot gold rose 0.5% this morning to around $4,070 per ounce, benefiting from lower Treasury yields and a softer U.S. dollar as easing geopolitical tensions reduced inflation expectations while supporting demand for safe-haven assets.

Fed holds rates but hawkish split drives bond selloff as 3 of the 12-voting member's dissent in favour of a rate hike. Meanwhile, technology earnings steady market sentiment after a volatile session that saw the KOSPI index swing between gains of 5.5% and losses of 2.1%.