Oil slides 5.3% to $76.09 a barrel as McDonald’s Q2 adjusted EPS comes in at $3.38
AI Market Summary
Risk assets are firmer with U.S. equities broadly higher and tech leading, while commodities show sharp divergence: crude drops over 5% to $76.09, signaling near-term demand or positioning pressure, as gold and silver rally on defensive flows. McDonald's earnings beat on EPS but revenue missed slightly, limiting single-name read-through. The U.S. trade deficit narrowed as imports fell, a modest macro support.
Impact level
● Medium
Affected assets
NCCO1OILWTI2USD/USDT-5.66%
AI Insight · NCCO1OILWTI2USD/USDTAI Insight
● Neutral
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McDonald’s reported second-quarter results with adjusted earnings of $3.38 per share, above expectations of $3.32, while revenue of $7.099 billion came in slightly below the $7.128 billion estimate. U.S. stocks advanced, with the Dow up 1.79%, the Nasdaq up 2.22% and the S&P 500 higher by 1.64%. Oil fell 5.3% to $76.09 a barrel as gold rose 1.4% to $4,147.40 an ounce. The U.S. trade deficit narrowed to $73.3 billion.
