Stocks Drop as Oil Spike Fans Inflation and Interest Rate Fears
Brent crude topped $101 as attacks around the Strait of Hormuz fueled inflation fears and raised expectations for higher interest rates.
7 Articles
7 Articles
A renewed flare-up of conflict in the Middle East and US inflation data put a damper on the stock market sentiment on Thursday. The price of Brent oil already crossed the $100 per barrel level yesterday, and today the rally continued, with WTI also coming above $100, while the fresh US producer inflation data raised the chances that the Fed will decide to raise interest rates next week. In addition, the ECB decided today to raise interest rates …
Oil spike past $100 dampens stock prices, fans inflation fears
As the US and Iran trade air strikes in the vital Strait of Hormuz and Yemen's Houthi rebels step up their campaign against Saudi Arabia, surging oil prices have seen stocks falling across Asia. Investors appear to be holding their breath for the news that the Federal Reserve and other central banks will raise interest rates to tamp down the expected inflation.
Market Open: Oil shock puts inflation and rates back in focus
Brent crude has surged above US$107 a barrel as escalating Middle East tensions raise fresh concerns about global energy supplies, while hotter US producer-price data has pushed interest-rate expectations sharply higher. For Australian investors, that creates a complicated setup heading into Friday’s session. Higher oil prices could provide another boost for energy producers, but the broader market is facing renewed inflation and interest-rate p…
The U.S. exchanges closed this Thursday (10) in fall, under pressure from new attacks in the Middle East. The movement increased oil prices, which rose by more than 6%, and made Treasury interest advance. The concern of investors with a prolonged high in the energy market occurs on the eve of the disclosure of [...] The post U.S.: Oil and interest drop exchanges before the ICC first appeared in Market Monitor.
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