Crude Prices Rise on US-Iran Strikes, Equities Mixed After Warsh Remarks
Oil climbed after U.S. forces struck Iranian launchers near the Strait of Hormuz, while Asian shares fell on expectations the Federal Reserve may raise rates.
- On Monday, Brent crude surged 2.9% to $90.61 per barrel and U.S. benchmark crude jumped 2.7% to $85.66 after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz.
- The military action marked the United States' first strike on Iranian positions in a month, occurring as hostilities had been subsiding after the US-Iran war reached its six-month mark.
- Markets in Asia fell Monday on expectations the Federal Reserve may raise interest rates soon, as Fed Chairman Kevin Warsh stated Friday that "short-term interest rates are the predominant tool" for the central bank.
- Following Warsh's speech in Wyoming, the two-year Treasury yield jumped to 4.35% from 4.22%, while the 10-year Treasury yield climbed to 4.72% from 4.67% late Thursday.
- Shares in Chinese-founded giant Shein are due to begin trading in Hong Kong on Tuesday in the city's biggest initial public offering this year, while the Nikkei 225 lost 0.4% and the Sensex in India slipped 0.6%.
30 Articles
30 Articles
World shares are mixed, oil prices surge after US strike on Iranian rocket launchers
Bangkok, Aug 31: Shares were mixed in Europe and Asia and US futures declined Monday on expectations that the US Federal Reserve may raise interest rates soon. In early European trading, Germany's DAX lost 0.9 per cent to 26,339.04, while the CAC 40 in Paris edged 0.1 per cent lower, to 8,390.43. Markets in Britain were closed for a bank holiday. The futures for the S&P 500 and the Dow Jones Industrial Average were 0.2 per cent lower. Oil prices…
Asian shares mixed: Asian shares are mixed and oil prices
نُشر هذا المقال أولاً عبر Cedarnews.net. لمتابعة المزيد من الأخبار والتقارير الحصرية، زورونا على موقعنا. Asian shares mixed: Asian shares are mixed and oil prices surge after US strike on Iranian rocket launchers. The initial report was published by AP News at. تم نشر هذا الخبر عبر موقع Cedarnews الإخباري. للاطلاع على مزيد من الأخبار العاجلة والتقارير الحصرية، زوروا موقعنا الرسمي.
Global market: European shares dip as fresh US-Iran strikes push oil, bond yields higher
European shares opened lower on Monday as renewed US-Iran military tensions pushed oil prices and bond yields higher, although the STOXX 600 remained on track for its fifth consecutive monthly gain. Energy stocks rose as Brent crude climbed above $90 a barrel, while Germany’s DAX fell ahead of key inflation data. Investors are also watching upcoming eurozone inflation and US payrolls figures for clues on interest rates.
Oil prices skyrocketed by more than 2% on Monday following a further upsurge in the US-Iran war, while the stock markets recorded mixed results, as the warlike comments of Federal Reserve President Kevin Warsh led investors to increase their bets on a rise in interest rates in the US. After a downward streak for most of last week, crude prices went off again on Monday, a day after the U.S. announced that it had attacked Iranian rocket launchers …
Can US Iran Escalation Push Global Markets Toward Higher Rates?
Markets End August With Rising Risk Global financial markets entered the final trading day of August cautiously as renewed fighting between the United States and Iran pushed oil prices higher and increased concerns about inflation. Brent crude rose above $90 a barrel after U.S. forces struck Iranian launchers on Larak Island and Iran retaliated against […] The post Can US Iran Escalation Push Global Markets Toward Higher Rates? appeared first on…
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