Reuters Morning Bid

Presidents Trump and Xi are set to meet in Beijing with a packed agenda: the Iran war and its energy implications, trade and tariffs, and a deepening tech rivalry that includes a reported Beijing order for Meta to unwind its investment in Chinese AI startup Manas. Meanwhile, the offshore yuan has hit its highest level in three years ahead of the summit, fueling speculation about exchange rate disc...

Amanda Cooper and Peter Devlin discuss the week that was, including Reuters revelation that a total of $7 billion oil price bets ahead the Iran war news. Hear how US jobs numbers beat expectations beat for a second straight month and what another court ruling on tariffs could mean to the global economy.  Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open In...

Stocks are still defying gravity, even as Gulf tensions flare and President Trump's tariffs face another legal setback. With U.S. jobs numbers due later today, investors are about to find out how much good news is already priced in. Today’s recommended read: Shrinking US fuel stocks leave Trump exposed, Ron Bousso Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reute...

Asian markets return from Golden Week to a tech-driven rally, with Japan's Nikkei surging 6% and SoftBank jumping nearly 20%. Meanwhile, Tehran mulls a one-page U.S. proposal to end the Iran war, and U.S. labor market data shows hiring holding up despite the oil shock. Today’s recommended read: Trapdoor creaks for dollar if Iran war ends, Mike Dolan Subscribe to Mike Dolan's Morning Bid newsletter...

Oil falls and stocks hit another record high after the Trump administration suspends "Project Freedom," citing progress in Iran negotiations. AMD surges 16% and Samsung jumps more than 10% on roaring chip demand tied to the AI build-out. And long-dated government bond yields climb to multi-decade highs in the U.S. and UK. Today’s recommended read: US long bonds over 5% - buy or beware?, Mike Dolan...

Oil holds above $110 a barrel as fighting in the Gulf intensifies, with Iranian forces striking a UAE oil installation and small boats exchanging fire with U.S. forces near the Strait of Hormuz. Meanwhile, a sharp upgrade to U.S. earnings forecasts and soaring AI spending projections keep equity investors from heading for the exits. Today’s recommended read: Forget 3% US inflation. It's heading fo...

Kevin Warsh steps into the Fed chair role this week with three regional Fed presidents calling for the removal of any easing bias and Jerome Powell staying on the board until 2028 — leaving no immediate new vacancy for the White House to fill. Plus, Friday's payrolls report will be the week's key test of whether the employment side of the economy remains as resilient as it has been since the Iran...

The UAE announced it is pulling out of OPEC, a move that analysts say could complicate the group's ability to manage production quotas. The Fed held rates but recorded its biggest board dissent since 1992, with Powell announcing he'll stay on as governor and warning against what he called a "battering" of Fed independence. The Bank of England and ECB signaled they could hike as soon as June, thoug...

With Japanese markets on holiday and liquidity thin, the yen jumps sharply on what sources suggest may be a second round of official buying. Central banks in Europe lean hawkish despite stagflation concerns, while Apple's earnings beat is tempered by Tim Cook's warning that iPhone prices could rise due to chip shortages. Today’s recommended read: The UAE dumping OPEC may not affect crude as antici...

U.S. President Donald Trump suggested the Iran blockade could last months, sending Brent crude to its highest level since the war began and feeding U.S. inflation expectations. Jerome Powell confirmed he will remain on the Federal Reserve board after his term as chair ends May 15, a move that blocks Trump from immediately filling his seat. Plus, Meta slid around 7% on rising CapEx concerns, while...

OPEC loses its fourth-biggest producer. Jerome Powell prepares to chair what is almost certainly his final Federal Reserve policy meeting with inflation ticking back up. And a quiet Wall Street Journal report about OpenAI missing targets is rattling the entire AI trade - right before Amazon, Apple, Microsoft, and Meta report after the bell. Today’s recommended read: Transatlantic rate convergence...

A rare split vote at the BOJ sharpens the debate over Japan’s next rate move, even as the yen struggles to rally. Oil holds above $100 with the Iran conflict frozen, while tech stocks power ahead into a pivotal earnings week. Today’s recommended read: 'See through' Iran war? Markets exploit permacrisis instead, Mike Dolan Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns...

Federal Reserve Chair Jerome Powell heads into what could be his last meeting as Fed chair as oil tops $100 and Wall Street seems unfazed by geopolitical tension. AI‑linked stocks lead global markets higher ahead of a big week for tech earnings. Today’s recommended read: Iran war hands OPEC's swing producer crown to America, Ron Bousso Subscribe to Mike Dolan's Morning Bid newsletter, and check ou...

Central banks take the spotlight this week, with U.S. inflation data set to test expectations for rate cuts. Plus a look ahead to key mega‑cap earnings. Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest Produced by Eliza Davis Beard, Ethan Plotkin, and Abisoye Adelusi Sound engineering and music by Sebastian and Josh Sommer Visit the Thomson Reute...

Kevin Warsh’s confirmation hearings put a spotlight on the future of the Fed. SpaceX’s IPO filing shows Elon Musk retaining control of the rocket maker. Plus, DeepSeek’s latest model shows China’s growing self-sufficiency in AI. Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest. Produced by Eliza Davis Beard, Ethan Plotkin, and Abisoye Adelusi. So...

Oil prices climb again after U.S. President Donald Trump warns Iran over the Strait of Hormuz. But stocks keep rallying, helped by upbeat AI earnings from Intel. Today’s recommended read: Japan fiscal experiment is lab test for Treasuries, Mike Dolan Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest. Produced by Eliza Davis Beard, Ethan Plotkin, a...

Oil prices are climbing and geopolitics are getting worse, but markets keep clinging to tech. Tesla’s shares pop on positive cash flow, then slip on higher spending plans, raising the question of how long tech optimism can outweigh rising energy costs and global risk. Today’s recommended read: A Warsh-led Fed's 2% inflation goal might be a different 2%, by Mike Dolan Subscribe to Mike Dolan's Morn...

Oil traders shrug at U.S. President Donald Trump's Iran ceasefire extension. Tesla kicks off a crucial earnings week. Plus, Kevin Warsh signals a future where Fed independence comes with real trade-offs. Today’s recommended read: Warsh's impossible mission - Tame inflation and please Trump, Mike Dolan Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Inter...

Markets shrug off Middle East tensions as tech stocks ride the AI wave. Fed chair nominee Kevin Warsh faces Congress. Apple investors stay calm as Tim Cook steps aside, handing the helm to longtime hardware chief John Ternus. Today’s recommended read: Can Europe take advantage of its savings buffer over US? by Mike Dolan Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns o...

Shifting signals around shipping through the Strait of Hormuz send oil prices swinging again, keeping energy markets on edge. U.S. equities stay driven by tech momentum, while UK assets watch renewed political strain. Today’s recommended read: Is it time to abandon hope the Strait of Hormuz will open soon?, Clyde Russell Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns o...

As Wall Street regains lost ground, a political fight over the Federal Reserve threatens to unsettle what comes next. Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest Produced by Eliza Davis Beard, Ethan Plotkin, and Abisoye Adelusi Sound engineering and music by Sebastian and Josh Sommer Visit the Thomson Reuters Privacy Statement for informatio...

Oil slides as Iran signals shipping access through the Strait of Hormuz, U.S. banks post solid earnings and China beats growth forecasts. Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest Produced by Eliza Davis Beard, Ethan Plotkin, and Abisoye Adelusi Sound engineering and music by Sebastian and Josh Sommer Visit the Thomson Reuters Privacy Stat...

Stocks are rallying on hopes of an end to the Iran war but European airlines are cancelling flights as the energy crunch deepens. Plus, Netflix founder Reed Hastings is stepping down. Today’s recommended read: China is coming back – and the timing couldn’t be better, by Stephen Jen Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest Produced by Eliz...

China’s economy beats expectations and TSMC delivers another blockbuster quarter. Plus, attention swings back to Washington, where President Donald Trump renews his feud with Fed Chair Jerome Powell, just as his nominee for chair, Kevin Warsh, prepares to face Congress next week. Today’s recommended read: In the world of war and rivalry, tech is the victor, by Mike Dolan Subscribe to Mike Dolan's...

The U.S. blockade on Iranian portsis still in force, but the S&P 500 is back flirting with record highs. Plus, Fed chair nominee Kevin Warsh heads to Congress next week — with just a month to get confirmed before Jerome Powell steps down. Today’s recommended read: Back to square one? Markets bet Iran war is over, by Mike Dolan Subscribe to Mike Dolan's Morning Bid newsletter, and check out his col...