Global Stocks Cautious Amid Middle East Conflict, Oil Prices Surge

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 32 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 63%

Business Nyheter

Finance,World News,Stocks

Markets open cautiously as escalating conflict in the Middle East fuels risk aversion. Oil prices remain elevated due to fears of wider conflict and supply disruptions. Investors await China's market reopening after a holiday break.

SINGAPORE - Global stocks began Tuesday on a cautious note while oil prices stayed elevated as the escalating conflict in the Middle East sapped risk appetite ahead of China's highly anticipated reopening after a long holiday.

It was last 0.09% higher at $81.00 per barrel, while U.S. crude futures rose 0.14% to $77.25 a barrel. Focus will also be on a press conference from the country's National Development and Reform Commission due at 0200 GMT, for further details around the stimulus pledges that drove the market frenzy. Reflecting the less aggressive Fed easing expectations, the two-year U.S. Treasury yield hovered near its highest level in over a month on Tuesday and last stood at 3.9764%.

It was on the back foot in early Asia trade, falling 0.17% against the Japanese yen to 147.97, while sterling rose 0.03% to $1.3089.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 47. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Oil stocks have more room to run as tension in the Middle East escalatesOil companies with limited exposure to the Middle East may be a way to hedge against potential disruptions.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stocks lose ground, oil extends gains amid Middle East tensionThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Källa: KitcoNewsNOW - 🏆 13. / 78 Läs mer »