The conflict between Israel and Iran stretched into a fourth day Monday, but oil price increases eased as the situation stabilized somewhat, though skirmishes continue. U.S. stock futures rose slightly as traders looked ahead to the Federal Reserve’s interest rate decision set for Wednesday. Wall Street widely expects the central bank’s policy committee to keep rates unchanged, despite President Trump’s urging to cut rates.
On Friday, equities fell and oil prices surged after Israel hit Iranian nuclear facilities and military leaders in a series of airstrikes. Leaders of the Group of Seven (G7) nations will meet in the Canadian Rockies on Monday, facing the rare challenge of dealing with trade protectionism initiated by the U.S. President. Trump’s unpredictable tariff and trade policies have strained relations, with new duties imposed on all fellow G7 members.
In Minnesota, police have apprehended the man suspected of killing Democratic state Rep.
Oil prices stabilize amid conflict
Melissa Hortman and injuring Democratic state Sen.
John Hoffman and his wife in separate attacks over the weekend. Vance Boelter was captured after a manhunt. Officials are calling Hortman’s killing a “politically motivated assassination,” and the state remains in mourning.
Amid nationwide protests over his administration’s policies, new data shows a majority of Americans disapprove of President Trump’s performance. Overall, 55% of adults disapprove of the job Trump is doing, with 45% approving. The survey, powered by SurveyMonkey, reveals narrow support for his handling of immigration, but disapproval for other key priorities like tariffs and inflation.
Investors will navigate these global and domestic challenges as they start the trading week, with attention focused on the Federal Reserve’s upcoming decision and evolving geopolitical events.
