Finance

Energy markets experienced another notable uptick, with Brent crude futures climbing roughly three percent to hit their highest level in six weeks. The surge, driven by escalating geopolitical tensions and military strikes involving Iran, has stoked investor anxieties that higher energy costs will keep consumer price inflation elevated and prevent the Federal Reserve from easing monetary policy.

Shares of Super Micro Computer surged over twenty percent following a preliminary update that revealed a record order backlog. The AI-optimized infrastructure provider also reported surprise gross margin projections that doubled initial forecasts, providing a massive boost to the server maker and its direct industry peers.

Bitcoin retreated slightly from recent local highs to trade around the $66,000 threshold as macro economic pressures sparked a rotation out of risk assets. However, the downside was buffered by consistent institutional inflows into spot exchange-traded funds and the circulation of a fresh draft for the Digital Asset Market Clarity Act in the U.S. Senate.