Gold pushed higher after Israel and Lebanon agreed to a conditional ceasefire, a possible step toward resolving the wider Middle East conflict that’s upended global energy markets and raised inflation risks.
US equity futures pushed higher early Wednesday as traders snapped up technology shares after a pullback in the group, with enthusiasm around strong earnings outweighing a resurgence in inflation.
A blistering rally has pushed the S&P 500 Index back to all-time highs, and Wall Street veteran Ed Yardeni is confident the benchmark can breach 8,000 points by the end of 2026.
Goldman Sachs said it pushed back expectations for the US Federal Reserve’s next two rate cuts by one quarter to December 2026 and March 2027 as inflation proves stickier than anticipated.
