Stocks cautious in Asia as oil gains, yields rise
Brent crude climbed above $106 a barrel as traders weighed U.S.-Iran tensions and higher Treasury yields that are pressuring equities.
- Asian share markets made a cautious start on Monday as oil prices popped higher amid doubts the United States and Iran will reach a truce, keeping bonds under pressure.
- Yields on 30-year Treasuries nudged up to 5.5185 per cent, near their highest levels since 2004, having climbed 27 basis points just this month.
- Markets imply a 66 per cent chance the Federal Reserve will hike rates in October, with the September payrolls report forecast to show a gain of 85,000 jobs.
- President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz, pushing Brent crude prices up 1.6 per cent to trade above $106 a barrel.
- Global expansion has entered a period of strength rarely seen in two decades, according to Bruce Kasman, chief economist at JPMorgan, though high interest rates remain a key concern.
48 Articles
48 Articles
After Friday's US rise, the week starts cautiously on the stock markets: The picture is mixed in Asia, but European futures indices indicate an increase. The worsening chances of a ceasefire in the Middle East have pushed up the price of oil again, while high bond yields are also keeping the markets under pressure. This week, investors are paying attention to US inflation and labor market data, which may provide further clues for the Fed's next …
Asian markets decline amid rising oil prices, Middle East tensions,
Asian equity markets traded predominantly lower on Monday, reversing early-session tailwinds from Wall Street as geopolitical friction and surging energy prices weighed on risk sentiment. U.S. equity futures came under immediate pressure following
Asian stocks slip as oil jumps on Iran tensions, bond yields rise
Sydney: Asian stock markets mostly declined on Monday as oil prices rose sharply amid doubts over a near-term resolution between the United States and Iran, while bond yields continued to climb ahead of a week packed with key economic releases.Investor sentiment was affected by renewed concerns over energy supplies after US President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz. Trump said discussions would continue t…
Concerns about rising interest rates and geopolitical tensions in the Middle East are burdening the Asian stock exchanges. Especially in China, trade started down.
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