'Trump Strait', losing streak snapped and bilateral diplomacy
Hostilities with Iran keep markets on edge, but U.S. stocks snap a three-day losing streak while bond yields remain volatile.
TL;DR
- Kuwait's air defense systems engaged hostile missile and drone attacks, reportedly targeting U.S. bases.
- Jordan and Bahrain have also experienced recent attacks.
- President Trump proposed renaming the Strait of Hormuz to 'Trump Strait'.
- Major U.S. stock markets ended a three-day slide with a significant jump.
- Benchmark borrowing costs globally are extending multi-decade highs due to inflation concerns and debt levels.
- The leaders of Britain and France are set to hold bilateral talks, with the UK Prime Minister expected to focus on steel and farming.
- President Trump is scheduled to host Chinese leader Xi Jinping at the White House in September.
- Anthony Scaramucci commented on his time in the White House, describing a sense of 'Potomac fever'.