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Premarket: Global stocks tick up with oil steady on Hormuz plans

InflationEnergy Markets & PricesGeopolitics & WarMarket Technicals & Flows

Global equities edged up as oil prices stayed broadly steady after Iran signaled it was nearing a final pact with Oman to define new shipping lanes in the Strait of Hormuz. Markets also remain focused on upcoming U.S. inflation data due Wednesday, which could drive near-term rate expectations.

Analysis

Global equities edged up as oil prices stayed broadly steady after Iran signaled it was nearing a final pact with Oman to define new shipping lanes in the Strait of Hormuz. Markets also remain focused on upcoming U.S. inflation data due Wednesday, which could drive near-term rate expectations.

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