Markets could remain sensitive to the developments in the Middle East. Tensions remain elevated in the region amid continued incidents in the Strait of Hormuz and a failed attempt for a second round of talks this week, undermining prospects for a near-term resolution.
Google unveiled a suite of new tools to build AI agents aimed at helping companies automate tasks, with its Gemini Enterprise Agent Platform including new features such as Memory Bank and Memory Profile to help agents remember past interactions.
Traders placed a $430 million short position in Brent crude futures just 15 minutes before Trump announced the indefinite extension of a ceasefire on Truth Social.
J Sainsbury plc has warned that the conflict in the Middle East will impact both our customers and our business, raising the prospect of lower profits this year as geopolitical pressure feeds through into household budgets and supply chains.
The UK unemployment rate fell from 5.2% to 4.9%, driven more by increased economic inactivity, particularly as fewer students sought work.
President Trump stated, 'the fact that the Government of Iran is seriously fractured, not unexpectedly so,' which influenced his decision to extend the ceasefire.
Shipping costs have increased by more than 10 percent in the past month due to the US-Israel war on Iran. The 60-day waiver for the Jones Act aimed to lower energy costs but has had little impact on oil prices, which continue to rise amid the ongoing conflict.