Welcome to Markets Desk, your morning read on what's moving and why.
Stock futures are under pressure this Sunday evening as the Strait of Hormuz remains closed, sending oil markets toward dangerous territory. West Texas Intermediate climbed to one hundred seven dollars and twenty six cents a barrel, while a parallel selloff in global debt markets is amplifying the anxiety. The Dow futures shed one hundred twenty three points, with the S and P and Nasdaq not far behind.
That risk-off mood is hitting emerging markets hard, and Malaysia is a clear example. The Kuala Lumpur Composite Index has dropped in three consecutive sessions, shedding nearly a dozen points and sitting just above the seventeen forty level. Traders expect further selling pressure when markets open Monday, with no obvious near-term catalyst to reverse the slide.
Meanwhile, in the corporate world, Berkshire Hathaway's new chief executive Greg Abel made a statement move in his first quarter at the helm, tripling the conglomerate's stake in Alphabet by two hundred twenty four percent. It signals that Abel is willing to lean into big tech in a way that marks a meaningful shift from the Buffett era, and it has investors watching every subsequent filing closely.
That's the tape. Markets Desk, signing off the floor.
