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Asian shares and US futures decline, while oil prices press higher
Oil prices rose for a third day after Houthi attacks and Iran threats deepened supply worries, while S&P 500 futures fell 0.1%, analysts said.
- Asian shares and American futures skidded on Tuesday as flaring conflict in the Middle East pushed oil prices higher. Brent crude added 1.4% to $98.40 a barrel amid regional tensions.
- Houthi attacks on oil facilities and utilities in Saudi Arabia's southern region escalated conflict between an important American ally and Iranian-backed rebels in Yemen. This regional instability disrupts energy markets.
- Tokyo's Nikkei 225 sank 1.7% as major exporters were sold. China reported exports jumped 25% year-on-year in August, while Australia's ASX 200 declined 1% amid regional volatility.
- Early Tuesday, the dollar slipped to 153.47 Japanese yen from 154.34 yen. Wall Street prepares for the American Producer Price Index and Consumer Price Index reports this week.
- Norihiro Yamaguchi of Oxford Economics warned supply-side-driven inflation will accelerate as firms pass on costs, deteriorating consumers' "purchasing power." Recent data showed the economy grew faster in the April-June quarter than initially reported.
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Herald Bulletin+4 Reposted by 4 other sources
Wall Street mixed in early trading while oil prices push higher yet again
U.S. stock futures are mixed as flare-ups in the broadening Middle East conflict pushes oil prices higher. Futures for the S&P 500 fell 0.3% before the bell, while futures for the Dow Jones Industrial Average slid 0.8%. Nasdaq futures were…
Santa Maria TimesReposted by 
My Mother Lode
My Mother LodeWorld shares and US futures decline, while oil prices press higher
World shares and U.S. futures have fallen as flaring conflict in the Middle East pushes oil prices higher. China said that its exports jumped 25% year-on-year in August, driven by strong demand for autos and high tech items. Japan reported…
·Calhoun, United States
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Coverage Details
Total News Sources62
Leaning Left14Leaning Right12Center24Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 28%
C 48%
R 24%
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