Good morning and welcome to Markets Desk, your midday read on what's moving money.
The dollar is under modest pressure today after a ceasefire announcement between Israel and Lebanon sent WTI crude tumbling more than three percent. Lower oil prices cool inflation expectations, and that raises the odds the Fed finds room to ease — a combination that takes wind out of the greenback and pushed the dollar index down roughly a quarter of a point.
Shifting to fixed income, Treasury markets are heading into Friday's jobs report already battle-worn. Investors are increasingly demanding higher yields simply to hold U.S. government debt, reflecting a deeper concern about fiscal patience running thin on Wall Street. The jobs number could either steady nerves or accelerate that selloff in a meaningful way.
And on the earnings front, Samsara posted a swing to profitability in its first quarter, with revenues climbing thirty-one percent. The connected operations platform has been building toward this moment, and the combination of margin improvement and top-line momentum gives the market something concrete to work with heading into the back half of the year.
That's the tape. Markets Desk, signing off the floor.
