Published 4 days ago • loading... • Updated 53 minutes ago
Shares Slip in Asia as Oil Climbs, Rate Hikes Loom
Asian shares declined due to surging oil prices and concerns about potential interest rate hikes from the US and Japan amid Middle East tensions.
Japan's government bonds fell, with the 10-year yield nearing 3%, influenced by higher oil prices and US bond market selloffs.
The US Federal Reserve raised interest rates by 25 basis points and signaled that further hikes are possible, responding to persistently high inflation and strong retail sales.
European and Japanese equities rose today Thursday, supported by falling oil prices and a stoppage in the sale of bonds, while investors await central bank decisions on interest rates.