Markets surge as transitory inflation narrative reasserts itself as investors digest inflation and jobs data (SPY +1.2%). Producer Price Final Demand Again Increased Significantly.
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Iran To Saudi Arabia: Sell Our Oil And We Will Reduce Houthi Attacks Iran is looking to persuade its regional rival Saudi Arabia to help it to sell Iranian crude oil on international markets in exchange for limiting attacks from the Iran-aligned Houthi rebels in Yemen on Saudi oil infrastructure, Middle East Eye reported on Wednesday, quoting Iraqi officials with knowledge of recent secretive Iranian-Saudi talks in Baghdad. Iran is currently negotiating with the signatories to the so-called