#MarketMind
#TradingDay: Oil, yields slide
Aug 25 (Reuters) - Oil prices fell sharply on Monday, with Brent crude back below $90 a barrel, sparking a solid rise on Wall Street and strong rally in Treasuries, as investors digested recent news on U.S. bond buybacks and escalation of the U.S.-Canada trade war.
In my column today, I look at the resurgent trade spat between the U.S. and Canada, and why the world is watching nervously. Tit-for-tat tariffs cast a shadow over the whole USMCA trade agreement, but escalation also has wider implications beyond North America — none of them particularly positive.
What could move markets tomorrow?
Australia CPI inflation (July)
U.S. durable goods (July)
U.S. GDP (Q2, second estimate)
U.S. Treasury sells $70 billion of 5-year notes at auction
Nvidia earnings (released after the market close)
https://www.reuters.com/commentary/reuters-open-interest/global-markets-trading-day-graphic-2026-08-25/
August 25, 2026 41
