Bonds & Stocks
The last stretch of a busy week for markets saw stocks churning as bond yields rose, with traders also facing the expiration of a pile of options that threatens to trigger sudden price swings. The S&P 500 rose 0.1%. The yield on 10-year Treasuries advanced six basis points to 4.99%.
Economy
The US is expected to hold off announcing new tariffs on China and other trading partners until after next week’s summit between Presidents Xi Jinping and Donald Trump, according to people familiar with the matter, a delay that could preserve such a threat as leverage in the negotiations.
World
Saudi Aramco told at least two oil refining customers in Europe that they will be allocated no crude oil next month after the kingdom’s key pipeline to the Red Sea was attacked, people informed of the decision said.