Asia Shares Fall as Iran Fighting Lifts Oil and Yields
Oil prices and Treasury yields rose as investors priced a 57% chance of a September US rate increase, pressuring Asian equities.
- Asian share markets slipped on Monday as fresh fighting between the United States and Iran lifted oil prices, with Brent futures climbing 1.4 per cent to $US89.38 a barrel following Sunday's strikes on Iranian launchers.
- Federal Reserve Chair Kevin Warsh emphasized on Friday that the central bank must control inflation, prompting investors to raise the probability of a September rate hike to 57 per cent and push short-term Treasury yields sharply higher.
- Treasury Secretary Scott Bessent said in an interview on Sunday that yen fluctuations remain "pretty well contained" despite the currency sliding past 160.00 per dollar, suggesting joint Japan-U.S. intervention is not warranted.
- G20 finance ministers and central bankers meet in North Carolina on Monday and Tuesday to address inflation and interest rates, while European Central Bank policy expectations rise ahead of the September 10 meeting.
- JPMorgan chief US economist Michael Feroli noted the September meeting remains "live" for policy tightening, as analysts forecast a 58,000 bounce in jobs ahead of consumer price data due September 11.
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17 Articles
Shares skid in Asia as oil, yields stay high - Regional Media News
By Wayne Cole SYDNEY, Aug 31 (Reuters) - Share markets slipped on Monday in Asia as fresh fighting broke out between the United States and Iran, lifting oil prices, while bond yields stayed elevated after investors narrowed the odds on a U.S. rate hike. Brent [...]
Channel News Asia
Shares skid in Asia as oil, yields stay high
SYDNEY, Aug 31 : Share markets slipped on Monday in Asia as fresh fighting broke out between the United States and Iran, lifting oil prices, while bond yields stayed elevated after investors narrowed the odds on a U.S. rate hike.Brent futures climbed 1.4 per cent to $89.38 a barrel after U.S. forces struck tw
Oil fired in the first negotiations in Asia, with increased tensions in the Middle East, while the dollar maintained its gains after comments considered harder by the president of the Federal Reserve (Fed, U.S. central bank), Kevin Warsh, increased the stakes of a high interest next month. Oil: Trump Agreement generates alerts that Venezuela can become a colony of natural resources Pressure.
The major stock markets in Asia are pointing downward on Monday morning following concerns about an escalation of the conflict in the Middle East.
The major stock exchanges in Asia are pointing downward on Monday morning after fears of an escalation of the conflict in the Middle East. The negative figures on the stock exchanges come after the United States attacked Iranian launch pads on the island of Larak in the Strait of Hormuz. Oil prices also rose on Monday and Brent oil was at 04:00 in the morning at around $ 90 a barrel. Tokyo-based Nikkei 225 is down 1.6 percent while the broader T…
Asia-Pacific stock markets weakened after the US attack on Iran, sparking investor concerns about trade security in the Strait of Hormuz.
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