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18:07
WTI and Brent Crude Both Fall Below $100 Mark Briefly
BlockBeats News, May 22, the prices of WTI and Brent crude oil continued to fall, both briefly dropping below $100 per barrel. They have now rebounded to $100.25 per barrel and $100.31 per barrel, respectively. On the news front, according to the Iran Labor News Agency (ILNA) citing Al Arabiya, the final draft of the US-Iran agreement has been reached with Pakistan's mediation and is expected to be announced in the next few hours.
17:34
Stellantis Group discloses FaSTLAne 2030 financial targets
The company hopes that, through this five-year strategic plan with a scale of 60 billion euros, it can accelerate growth, increase profits, and achieve its financial goals.
17:27
PIMCO CIO Daniel Ivascyn: Given the surge in US Treasury yields, the Federal Reserve will take action to address US inflation issues.
If inflation expectations rise further, the Federal Reserve and other major central banks may be forced to take action. If long-term inflation expectations “become significantly unanchored, then even in the face of economic weakness, you will see monetary policy tightening,” which will further increase pressure on the stock and credit markets.
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