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.
ReutersTreasury 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
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