"Brent crude was $112 per barrel this morning, up from $111 the day before. Oil is beating everything, and Brent 1-month contracts are up +49%. However, investors are still expecting this to be a temporary shock, as the 6-month Brent contract is 'only' up +25%."
"Among 22 large public companies with significant exposure to Trump's import tariffs, eight boards shielded their top executives' pay from the negative effects of those tariffs on company performance."
Global stock markets are mixed as oil prices rise, with Brent crude reaching $112 per barrel. The S&P 500 futures were flat, while European indices declined. In Asia, mixed performances were noted with South Korea's KOSPI up and Japan's Nikkei down. Oil has significantly outperformed other assets since the war began, with Brent 1-month contracts up 49%. Additionally, an analysis revealed that some CEOs received substantial compensation despite tariffs negatively affecting company performance, as boards shielded their pay from these impacts.
Read at Fortune
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