Welcome to Markets Desk, your midday read on what's moving markets and policy.
President Trump raised eyebrows Wednesday after brushing off a fresh inflation reading, telling reporters in the Oval Office he was, quote, not concerned, and adding, quote, I love the inflation. The numbers were great. That's the first time the rate has touched four percent since two thousand twenty three, and the casual dismissal is already rattling bond traders watching the Fed's next move closely.
Shifting to commodities, the escalating conflict involving Iran is tightening what analysts are calling a super-squeeze in metals markets. Copper and aluminium had already been rallying on supply constraints before Middle East tensions intensified, and the combination of geopolitical risk and thin inventories is pushing prices higher with no obvious relief valve in sight.
And after the bell tonight, Oracle is the name to watch. The company reports for the quarter ending May thirty first, with consensus expectations already elevated on the back of surging cloud and AI infrastructure demand. Any guidance commentary around enterprise AI adoption could move the stock meaningfully in extended trading and set the tone for the broader tech sector Thursday morning.
That's the tape. Markets Desk, signing off the floor.
