Asian Shares Slip as Worries About Rising Oil Prices Offset Boost From Strong Earnings
- On Tuesday, U.S. stocks fell as the 30-year Treasury yield hit 5.32%, its highest level since 2007, while the Dow Jones Industrial Average lost 272.63 points amid rising long-term yields.
- President Donald Trump ruled out extending the 60-day Iran ceasefire and threatened Oman with military action, fueling energy market anxiety and pushing Brent crude futures above $90 a barrel.
- Investors are monitoring quarterly results from retail titans Walmart, Home Depot, and Target for consumer spending trends, with Home Depot reporting net sales of $47.9 billion before Tuesday's open.
- An European Central Bank paper warned that a correction in AI valuations is likely, though Anthropic posted $11.5 billion in revenue for the second quarter, signaling continued sector strength.
- Long-Term Treasury yields look likely to push toward 5.60% as Cleveland Federal Reserve President Beth Hammack warned bringing inflation under control may require more than one rate hike.
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(New York = Yonhap News) Correspondent Lim Soo-jung = Long-term government bond yields in major countries including the U.S., Japan, and France have soared to their highest levels in decades, triggering a sell-off in the global bond market...
Bond markets are getting hammered. Here’s what’s driving the sell-off
Investors’ concerns over a range of issues from inflation to hefty government deficits are driving a bond market sell-off, creating a headache for policymakers and pushing up borrowing costs for governments and consumers.
Long-term financing costs in the major economies reached the highest levels in several decades this Tuesday, as concerns about inflation, fears about public deficits and the sharp increase in securities issues to finance artificial intelligence (AI) investments pressure sovereign debts around the world. Exclusive subject matter for subscribers. To have full access, access the link of the subject and register.
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