CNBC Daily Open: Groundhog Day in the Gulf
U.S.-Iran's latest strikes sent oil and bond yields surging, pushed the Fed toward a hike instead of a cut, and drew Putin to publicly support Tehran.
TL;DR
- U.S. and Iran traded strikes, leading to increased oil prices and bond yields.
- The Federal Reserve may consider a rate hike due to persistent inflation concerns.
- European consumer prices rose, increasing the likelihood of an ECB rate hike.
- Russian President Vladimir Putin expressed support for Iran amidst the conflict.
- The Shanghai Cooperation Organization condemned military strikes on Iran.
- Canadian Prime Minister Mark Carney criticized the U.S. in an ongoing trade standoff.
- Artificial-intelligence token costs have decreased with the introduction of cheaper open-source Chinese models.
- Anthropic is modifying its data retention policy for enterprise clients.
- India rejected an arbitration ruling concerning a water-sharing treaty with Pakistan and construction in Kashmir.