Shares Slip in Asia as Oil Climbs, Rate Hikes Loom
- European shares staged a recovery on Wednesday after two sessions of declines, with the benchmark European STOXX 600 rising 0.4% as risk appetite improved ahead of the Federal Reserve's monetary policy decision.
- Rising inflation stemming from the Iran conflict prompted markets to reassess rate expectations, while these stocks had dragged the benchmark STOXX 600 to a three-month low on Tuesday before oil prices took a breather on Wednesday, down 0.6%.
- Markets are pricing in a 93% chance of a 25-basis-point interest rate hike according to the CME FedWatch tool, with Germany's DAX rising 0.4% as most major bourses increased ahead of the Federal Reserve's decision later in the day.
- Stocks hit by rising crude rebounded, with banks among the biggest gainers; Barclays and Standard Chartered were up 1.4% and 1.7%, respectively, leading the sector recovery.
- Babcock International retained its annual forecast, signaling stability amid volatility, while Barratt Redrow shares rose despite the company trimming its home completions target for fiscal 2027 citing planning delays.
331 Articles
331 Articles
Stock markets climb worldwide after oil prices and bond yields give back some of last week's jumps
U.S. stocks are climbing with markets worldwide after oil prices and yields in the bond market gave back some of their jumps from last week. The S&P 500 rose 0.6% Monday and pulled within 1.3% of its all-time high set…
Can AI Optimism Offset the Market Shock From Rising Oil Prices?
Global stocks recovered on Monday as stronger evidence of artificial intelligence demand boosted technology shares, while a retreat in oil prices eased some of the pressure that has weighed on global bond markets. MSCI’s All World index rose 0.3%, while European shares gained 0.75%. US stock futures also advanced, with Nasdaq futures up nearly 1% […]
FTSE 100 Live: Stocks to drop after oil losses weigh on BP, Shell
Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index is set to fall on Monday morning, according to futures from investment platform IG. This would see the FTSE 100 extend the heavy losses it suffered on Friday, when the index closed 1.5 per cent lower. Falling oil prices pushed down BP and [...]
Markets are showing signs of nervousness during September, a month that, statistically, is not the most favorable for shares
Coverage Details
Bias Distribution
- 47% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
