Global Market: European Shares Flat as Oil Prices Offset Bond Market Relief
Oil prices rose 2.3% after Iran-related tensions, while Treasury bond buying eased yields and limited losses in European markets.
- On Thursday, European shares held steady as concerns over rising oil prices and inflation offset support from a recovery in global bonds following a U.S. Treasury intervention.
- Brent crude climbed roughly 0.6% to around $92 a barrel as President Donald Trump warned of economic consequences for any nation providing "any type of lifeline to Iran" amid regional conflict.
- Walmart stock slid more than 6% on Thursday, weighing on broader sentiment, while the national debt surpassed a record $40 trillion on Wednesday amid soaring defense spending and Middle East involvement.
- The Treasury Department increased bond buybacks to ease borrowing pressure, with the 30-year Treasury yield falling to around 5.22% and the 10-year yield dropping to 4.68% on Thursday.
- Investors remain cautious about inflation fueled by ballooning government debt and the conflict in Iran, with futures for the Dow Jones Industrial Average slipping 0.1% as markets navigate competing pressures.
12 Articles
12 Articles
European stock markets closed mostly lower on Thursday. A renewed rise in oil prices due to the war in the Middle East led to renewed concerns about the economy and inflation. However, a recovery in the global bond market following intervention by Washington helped limit the losses.
European shares drift lower as oil worries counter bond recovery
The Economic Times
Times of IndiaGlobal Market: European shares flat as oil prices offset bond market relief
European shares remained flat on Thursday as rising crude oil prices and inflation worries counteracted a recovery in global bond markets following US Treasury intervention. German bond yields hit 15-year highs while travel and mining stocks fell.
European stock markets ended the day mixed due to rising oil prices. The Stoxx Europe 600 fell 0.12%, with German and French indices declining, while Italy and the UK saw slight increases. Brent oil remained high, while US-Iran tensions and German PPI data impacted markets.
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