Asian shares and US futures decline, while oil prices press higher
Middle East conflict lifted Brent crude 1.4% to $98.40 a barrel as Asian markets and U.S. futures fell, while investors awaited inflation data this week.
- Asian shares and American futures skidded on Tuesday as flaring conflict in the Middle East pushed oil prices higher. Brent crude added 1.4% to $98.40 a barrel amid regional tensions.
- Houthi attacks on oil facilities and utilities in Saudi Arabia's southern region escalated conflict between an important American ally and Iranian-backed rebels in Yemen. This regional instability disrupts energy markets.
- Tokyo's Nikkei 225 sank 1.7% as major exporters were sold. China reported exports jumped 25% year-on-year in August, while Australia's ASX 200 declined 1% amid regional volatility.
- Early Tuesday, the dollar slipped to 153.47 Japanese yen from 154.34 yen. Wall Street prepares for the American Producer Price Index and Consumer Price Index reports this week.
- Norihiro Yamaguchi of Oxford Economics warned supply-side-driven inflation will accelerate as firms pass on costs, deteriorating consumers' "purchasing power." Recent data showed the economy grew faster in the April-June quarter than initially reported.
31 Articles
31 Articles
Wall St futures slip as oil surge puts markets on edge
Sept 8 (Reuters) - U.S. stock index futures slipped on Tuesday as fresh hostilities in the Middle East sent oil prices to their highest since late July, deepening market gloom ahead of inflation data later this week. The declines follow a roller coast...
A barrel of Brent oil is trading at $98.47 on international futures markets.
Associated Press News
Asian shares and US futures decline, while oil prices press higher
Asian shares and U.S. futures have fallen as flaring conflict in the Middle East pushes oil prices higher.
CHOCHILINO Asian shares and US futures are mixed, while oil prices creep higher %
BANGKOK — Asian shares and U.S. futures skidded Tuesday as flaring conflict in the Middle East pushed oil prices higher. A wave of Houthi attacks on oil facilities and utilities in Saudi Arabia’s southern region has escalated a renewed conflict between an important U.S. ally and Iranian-backed rebels in Yemen. Tokyo’s Nikkei 225 gave up …
There are signs of a quiet start to the trading day on Tuesday for European stocks. “Oil prices are creeping up a bit this morning, while stocks are trading more or less unchanged. In Asia, stock markets are trading somewhat mixed. Chip stocks in South Korea are getting some tailwind from AI optimism.
Asia-Pacific stock markets were mixed amid US-Iran tensions. Surging oil prices and bond yields impacted markets. Read the full analysis.
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