Oil and Bond Yields Struggle for Stability as Rally Fades

Oil prices and bond yields have stabilized after a surprising plunge earlier in the week, while deflationary fears in China and a global economic demand slowdown continue to impact commodity prices. The drop in energy prices has improved the inflation picture and pushed 10-year Treasury yields to their lowest levels since September. Attention is now focused on Federal Reserve Chair Jerome Powell's upcoming speech, where investors will be looking for clues on the central bank's next policy steps. In corporate news, Hollywood actors reached a tentative agreement with major studios to resolve strikes, while Walt Disney exceeded earnings expectations and Warner Bros Discovery's outlook was hurt by the strikes and weak advertising market.