Rio Times Global Economy Briefing
The Big Three
Oil fell to a pre-war low. US crude tumbled nearly 4% to around $70 a barrel, its lowest since before the Iran conflict began, dragging bond yields down with it.
The market steadied. The Dow rose 182 points as falling oil offset technology worries, though the Nasdaq drifted lower before a key earnings report.
Money flowed into Brazil. Foreign exchange inflows jumped to $4.1 billion, a sign of renewed confidence as cheaper oil supports the country’s outlook.
