Finance

Energy markets witnessed sharp downward movement as the pause in hostilities between Washington and Tehran prompted a selloff in oil. West Texas Intermediate and Brent crude futures fell more than 5% to trade near $84 and $91 per barrel, respectively, offering substantial relief to global transport, manufacturing, and airline industries.

Wall Street is bracing for a highly consequential week of corporate reports, with prominent Big Tech entities like Microsoft, Amazon, Meta, and Apple scheduled to announce their results. These impending financial dispatches, combined with an unpredictable upcoming Federal Reserve interest rate decision, are expected to thoroughly test the endurance of the broader artificial intelligence market trade.

Long-term contract valuations for uranium scaled unprecedented heights, reaching approximately $97 a pound. The price surge coincides with robust structural tailwinds, including a global pledge by dozens of nations to triple nuclear capacity by 2050, alongside escalating electricity demands from technology hyperscalers looking to power expanding data centers.