The Brent Oil Price Breaks the $100 Mark for the First Time Since July After New Iran Escalation, Turning the Energy Shock Into a Tangible Inflation and Interest Problem – Wall Street Slips Into the Red for the Third Trading Day in a RowWhile US Finance Minister Scott Bessent Openly Challenges the Markets – AMD Announces an AI Revenue Target of $70 Billion, and Apple Unveils Its First Foldable iPhone Under New CEO John Ternus

USA & MACRO-ENVIRONMENT Wall Street remains under pressure and is heading for its third consecutive day of losses The S&P 500 loses 0.29%, and the Nasdaq 100 declines by 0.12%. The unmistakable trigger is the oil price shock – the Brent price that has jumped above the $100 mark revives concerns about a new wave of inflation that could force the Federal Reserve into tightening. The money markets are now pricing in a probability of around 60% for a rate hike in September, while the yield on ten-year US government bonds remains close...