NewsFree365
--°
Markets
3 views

Global Market Today: Asian stocks to fall as oil stokes inflation fears

Equity-index futures for Japan, South Korea and Australia pointed lower after the S&P 500 Index fell 0.5%, led by industrial and consumer-discretionary shares. The Nasdaq 100 Index dropped 0.3% as Nvidia Corp., Amazon.com Inc. and…

Global Market Today: Asian stocks to fall as oil stokes inflation fears
Synopsis

Equity-index futures for Japan, South Korea and Australia pointed lower after the S&P 500 Index fell 0.5%, led by industrial and consumer-discretionary shares. The Nasdaq 100 Index dropped 0.3% as Nvidia Corp., Amazon.com Inc. and Alphabet Inc. declined. Contracts for US stocks were little changed in early Asian trading.

Asian sharesReuters
Equity-index futures for Japan, South Korea and Australia pointed lower after the S&P 500 Index fell 0.5%, led by industrial and consumer-discretionary shares.
Asian stocks were poised to decline Thursday, tracking losses on Wall Street as surging oil prices and Treasury yields stoked inflation concerns ahead of key US price data. US oil extended its rally to an eighth straight session.Equity-index futures for Japan, South Korea and Australia pointed lower after the S&P 500 Index fell 0.5%, led by industrial and consumer-discretionary shares. The Nasdaq 100 Index dropped 0.3% as Nvidia Corp., Amazon.com Inc. and Alphabet Inc. declined. Contracts for US stocks were little changed in early Asian trading.

Treasury yields climbed, with the 10-year reaching the highest since 2023, after the government said it would purchase up to $6 billion of longer-dated debt, disappointing some investors who had expected a larger increase. US oil rose above $97 a barrel early Thursday after Brent settled above $101 as escalating Middle East tensions raised concerns about energy supplies, adding to expectations the Federal Reserve may need to raise interest rates to contain inflation.

The combination of higher oil prices and rising bond yields leaves markets particularly sensitive to Friday’s

Read More News on
(What's moving and Track , , , and , on . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, and read the Online.and .

Top Trending Stocks: , , , , ,

...moreless
(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News on
(What's moving and Track , , , and , on . Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, and read the Online.and .

Top Trending Stocks: , , , , ,

...moreless

Economictimes Verified Source

Syndicated via official news feed

Explore all Markets stories

Syndicated feed content with full publisher credit.

Markets Desk

More in Markets

Continue reading verified coverage and related developments on this desk.

View All