Oil Retreats as Traders See a Possible Path Through Hormuz
Brent crude fell for a third session as investors focused on a possible reopening of the Strait of Hormuz.
Brent crude fell for a third session as investors focused on a possible reopening of the Strait of Hormuz.
The Strait of Hormuz remains one of the most consequential chokepoints in global energy markets.
U.S. stock futures were subdued as investors prepared for Nvidia earnings and fresh inflation data.
The Personal Consumption Expenditures price index is the Federal Reserve's preferred inflation gauge and one of the most important data releases for markets.
Property weakness affects more than developers because housing occupies an unusually large place in Chinese household wealth.
China's currency has strengthened as the country runs a large trade surplus, adding another variable to a complicated global trade picture.
Germany's economy has recently delivered stronger signals than many investors expected, even as the United States shows softer consumer and housing data.
Manufacturing is getting a lift from the AI infrastructure buildout even as housing remains weak.
The International Monetary Fund projected U.S. economic growth of 2.3% for 2026 in its April World Economic Outlook.
The IMF's April outlook projected 1.8% growth for advanced economies in 2026 and 1.7% in 2027.
Global economic forecasts are built from assumptions about energy prices, interest rates, fiscal policy, trade and financial conditions.
Evergrande may no longer dominate daily headlines, but the property system that produced its collapse still influences China's economic choices.
When domestic property investment weakens, other parts of China's economy have to do more work to sustain growth.