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Stocks slide in Asia, Brent crude heads for record monthly rise
- Stock futures in Asia slid on Monday as investors braced for a protracted Gulf conflict, with Brent crude rising 2.4 per cent to $115.33 and posting record monthly gains of 59 per cent.
- Iran's control of the Strait of Hormuz and missile capabilities pressure The United States to escalate, according to CBA geo-economics analyst Madison Cartwright, who expects the conflict to run at least into June.
- JPMorgan global head of economics Bruce Kasman warned that prolonged Strait closure could "spark dramatic increases in the price of crude oil, natural gas and other commodities," straining global buffer supplies.
- Pakistan said on Sunday it plans to host "meaningful talks" to end the conflict over Iran, though Tehran earlier accused The United States of preparing a land assault as U.S. military sends more troops.
- European Union inflation is forecast to leap to 2.7 per cent on Tuesday, prompting investors to revise interest rate outlooks, while Fed Chair Jerome Powell and New York Fed head John Williams speak later today.
25 Articles
25 Articles
Stocks sag in Asia, Brent crude heading for record month
Stock markets slid in Asia today as investors dug in for a protracted Gulf conflict that already has oil prices heading for a record monthly rise, bringing a spike in inflation and the risk of recession to much of the globe.
The Asian Stock Exchanges start the week in sharp decline on Monday, while the price of oil still rises with the barrel of WTI, American reference, crossing again the symbolic bar of 100 dollars.
Channel News Asia
WTVBStocks slide in Asia, Brent crude heads for record monthly rise
SYDNEY, March 30 : Stock futures slid in Asia on Monday as investors dug in for a protracted Gulf conflict that already has oil prices heading for a record monthly rise, bringing a spike in inflation and the risk of recession to much of the globe.Pakistan said on Sunday it was preparing to host "meaningful ta
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