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Markets in Reverse: Economic Concerns and Middle East Tensions Weigh on Sentiment Ahead of Fed Decision – Huawei Scores with AI Weather Model - Eli Lilly Plans Billion-Dollar Acquisition - WhatsApp Becomes Advertising Platform - Amazon Expands Prime Day - OpenAI Receives Billion-Dollar Contract from Pentagon - Jabil Benefits Massively from AI Boom - DAX Slips

L. Kulikov
Reading Time: 22 minutes

The stock markets are currently showing weakness, burdened by disappointing economic data and ongoing tensions in the Middle East. As the exchanges decline and the S&P 500 gives up some of its recent gains, bonds are attracting investors as a safe haven. The oil price is rising, fueling inflation concerns. The risk-averse attitude of investors is reflected in the figures: US retail sales have declined for the second consecutive month, and industrial production also appears weak. Builder confidence has reached its lowest level since December...

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