Good morning, you're tuned in to Markets Desk, let's get you caught up on what's moving.
Oil is the lead this Monday, with crude jumping roughly two percent after Israel ordered troops to push deeper into southern Lebanon, reigniting tensions with Hezbollah and rattling what little confidence remained in a ceasefire. Risk premium is back in the energy market, and traders are watching the Iran angle closely.
Shifting to equities, Berkshire Hathaway is making a six point eight billion dollar bet on American housing, acquiring homebuilder Taylor Morrison in what stands as one of the first major strategic moves under new CEO Greg Abel, who stepped into Warren Buffett's chair earlier this year. The deal signals Berkshire sees long-term value in domestic housing supply, even as mortgage rates remain elevated.
And over in Asia, China's Shanghai Composite is sitting just below the four thousand seventy point level after retreating again on Friday, shedding roughly sixty points across a two-day stretch. Analysts are anticipating a technical rebound to open the week, though broader sentiment remains cautious amid ongoing trade and growth concerns.
That's the tape. Markets Desk, signing off the floor.
