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Trump Signals Iran War Deal ‘Soon’ as Strait of Hormuz Stays Open, Easing Market Fears

                                   U.S. President Donald Trump said a deal to end the Iran war could come “soon,”   President Donald Trump said a deal to end the Iran war could come “soon,” a comment that helped calm global markets as the vital Strait of Hormuz remains open to commercial shipping. The waterway, which handles roughly one‑fifth of the world’s oil supply, has been a central concern for investors since the conflict began. With tankers continuing to move through the strait, oil prices have stabilized after weeks of volatility. Analysts note that even the perception of reduced risk in the region can ease pressure on global inflation, particularly in energy‑dependent economies like Canada. For Canadian households, a more stable oil market could help limit further increases in gasoline, transportation, and food costs. Equity markets reacted cautiously but positively,...
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Wall Street Climbs as Oracle’s AI Boom and Cooling Inflation Fuel Rate Cut Optimism



U.S. stocks pushed higher on Wednesday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all advancing as investor sentiment brightened on two fronts — a blockbuster forecast from Oracle and fresh signs of easing inflation.

Oracle shares soared over 30% after the company projected a sharp jump in cloud revenue, driven by surging demand from major artificial intelligence clients. The upbeat outlook overshadowed a quarterly earnings miss and reinforced hopes that AI infrastructure spending is entering a new growth phase.

Adding to the bullish tone, the Producer Price Index (PPI) unexpectedly declined last month, rising just 2.6% year-over-year, a cooler reading than anticipated. The data bolstered expectations that the Federal Reserve will cut interest rates at its meeting next week, with markets now largely pricing in a September reduction.

The rally comes as traders also eye Thursday’s Consumer Price Index (CPI) report — the final major inflation gauge before the Fed’s decision. Meanwhile, corporate earnings remained in focus, with GameStop jumping on stronger revenue, while Chewy slid after reporting a steep profit drop.


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