Europe Set to Open Lower as Middle East Tensions Escalate
10 Articles
10 Articles
The escalation of US military actions against Iran, combined with rising oil prices and record-high bond yields, triggered a sharp sell-off in global markets. As rising geopolitical tensions reignited concerns about inflation and interest rate hikes, the New York stock exchanges experienced significant declines.
The three major New York stock indices all closed lower on the 1st (Eastern Time), following a surge in international oil prices and continued global bond selling pressure as the conflict between the U.S. and Iran intensified. The Dow Jones 30 Industrial Average finished trading at 52,766.88, down 419.02 points (0.79%) from the previous close. The Standard & Poor's (S&P) 500 index fell 54.67 points (0.71%) from the previous close
(New York = Yonhap News) Correspondent Kim Yeon-sook = On the 1st (local time), due to concerns about inflation stemming from the resumption of hostilities between the U.S. and Iran and a surge in international oil prices, the three major indices of the New York stock market...
The Toronto Stock Exchange closed Tuesday's session with a loss of 1.23%, while oil prices rose in the context of new US military strikes against Iran.
The escalation of US-Iran tensions brings geopolitical risks back to the fore.
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