Oil, Earnings, and Global Market Turmoil | Europe News

Markets brace for a shaky start as futures hint at a dip, fueled by rising oil prices past $98/barrel due to Middle East tensions and disruptions in the Strait of Hormuz. Alphabet takes a hit after a massive EU antitrust fine, despite strong earnings, while defense stocks soar on solid earnings from Lockheed Martin and RTX. Airlines face rising fuel costs, with American Airlines expecting a big expense bump. Globally, Europe falls while Asia gains, especially in Japan and South Korea, amid a strong U.S. dollar. Inflation and potential rate hikes loom as geopolitical and economic forces collide. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/bfb9dd4c9eb00d9c