Finance

Investors are treading cautiously ahead of a dense macroeconomic calendar, which includes the release of July's Personal Consumption Expenditures price index and a revised estimate for second-quarter GDP. The upcoming inflation data will serve as a crucial indicator for the Federal Reserve ahead of the central bank's annual symposium in Jackson Hole, where Chairman Kevin Warsh is scheduled to deliver his first keynote address.

International crude benchmarks extended their downward trajectory as concerns over geopolitical supply disruptions in the Persian Gulf began to ease. The drop in energy prices follows reports that Iran and Oman have reopened framework discussions to establish a safer navigation corridor through the critical Strait of Hormuz shipping route.

The premier cryptocurrency experienced a brief pause in its upward momentum, stabilizing around the $79,000 mark after briefly surging past $81,000. While the broader digital asset market faces short-term profit-taking, the asset class has recently been supported by a broader debasement trade fueled by an expanded long-term bond buyback program initiated by the U.S. Treasury.