Stock market today: Rate hopes push Asian shares higher while oil prices edge lower

BANGKOK — Asian shares have climbed after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer.

suggested interest rates might remain steady at their next policy meeting because a jump in longer-term bond yields may be helping to cool inflation without further market-rattling hikes by the Fed. Monday’s rise in crude helped oil and gas stocks to some of Wall Street's biggest gains. Marathon Oil rose 6.6% and Halliburton climbed 6.8%.

Reports this week on inflation at both the consumer and wholesale levels are the next big data points due before the Fed makes its next announcement on interest rates on Nov. 1.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top Wall St brokerages rate Arm's stock a "buy" on earnings potentialExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Stock market today: Oil prices climb following the latest Gaza war, but stocks rise with rate hopesNEW YORK (AP) — Oil prices climbed with worries about the possible spillover effects of violence in the Middle East.
Source: SooToday - 🏆 8. / 85 Read more »

Stocks rise, oil surges with focus on Middle East conflict: Stock market news todayStocks moved higher despite a dose of geopolitical risk added to interest-rate and inflation concerns already facing markets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks reverse losses, oil surges with focus on Middle East conflict: Stock market news todayThe prospect of a full-blown war in the Middle East added a dose of geopolitical risk to the interest rate and inflation concerns already facing markets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »