• Oil prices stabilize
U.S. officials believe Iran was responsible for attacks on major Saudi Arabian oil-production facilities, and shared intelligence on the matter with the kingdom. “Because there was an injection of cash people were looking at the PBOC closely. There was some surprise that there wasn’t a cut now. In recent history they tend to keep pace with the Fed, but they could still do that in the coming days,” said Freya Beamish, chief Asia economist at Pantheon Macroeconomics.
Europe, however, was braced for fresh tariffs from Washington, over a long-running battle over aircraft maker subsidies.