Global stocks fall, US yields rise as oil prices reach new highs - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 5/31/2022 7:41 PM
📰 SABCNews

⏱ Reading Time:
13 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Global equity markets dipped while US Treasury yields rose sharply on Tuesday as investors weighed the prospects of higher inflation following a phased ban of Russian oil imports by the European Union that has lifted crude prices to new highs.

EU leaders agreed in principle to cut 90% of oil imports from Russia, the bloc’s toughest sanction yet on Moscow since the invasion of Ukraine in February.

US West Texas Intermediate crude was also down 0.06% trading at $115.02 a barrel, reversing earlier trading gains. Treasury yields also rose, driven in part by hawkish comments from Federal Reserve Governor Christopher Waller on Monday.

Write Comment

According to Biden Russia-Ukraine War is responsible for ALL inflation, high energy costs, global misery leading to the “Economic Hurricane” JP Morgan predicts. If true, doesn’t it make sense to quickly end the Putin regime, stopping the War and re-opening Russia energy?

I no longer trust SABCNews

it's midnight and you're telling us about USA not Glencore. how useful is this?

Peter reminds you to not play stupid with me! I’m better at it.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

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

The Rand Report: Rand furthers recent gains on the back of global market forcesThe South African rand had a mixed week. It benefitted from positive outlook ratings by the S&P but the USD/ZAR pair lost 1.67% of its value. Sable_Intl
Source: TheSAnews - 🏆 25. / 59 Read more »

The Rand Report: Rand furthers recent gains on the back of global market forcesThe Rand Report: Rand furthers recent gains on the back of global market forces The South African rand had a mixed week. It benefitted from positive outlook ratings by the S&P but the USD/ZAR pair lost 1.67% of its value.
Source: TheSAnews - 🏆 25. / 59 Read more »