Asian shares track Wall Street gains and oil prices climb on uncertainty over the Iran war
Asian stocks advanced as oil climbed and traders watched for progress in U.S.-Iran talks, with Brent crude up 1.5% and the S&P 500 adding 0.2%.
- Asian shares advanced Friday following modest gains on Wall Street, while oil prices rose as efforts to end the Iran war yielded limited results.
- Oil prices remain elevated over disruptions around the Strait of Hormuz, a critical waterway for oil and gas transit, with shipping activities still well below pre-war levels.
- Benchmark U.S. crude traded 0.9% higher at $97.25 a barrel, while Brent crude gained 1.5% to $104.08 a barrel.
- Republicans in Congress struggled Thursday to find votes to dismiss legislation that would compel President Donald Trump to withdraw from the war, delaying planned votes into June.
- Markets are still searching for signs of progress in a potential deal between the U.S. and Iran, according to ING commodities strategists Warren Patterson and Ewa Manthey.
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Wall Street up modestly in premarket trading, oil prices climb on uncertainty over the Iran war
Wall Street inched toward modest gains in premarket trading as bond yields steadied even though oil prices rose with no signs of progress in ending the Iran war. Futures for the S&P 500 rose 0.2% before the opening bell Friday.…
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Asian Markets Rally as Oil Prices Climb Amid Prolonged Iran Conflict and Global Economic Concerns
Asian stock markets moved higher on Friday as investors reacted positively to modest gains on Wall Street, although rising oil prices and lingering geopolitical tensions ... The post Asian Markets Rally as Oil Prices Climb Amid Prolonged Iran Conflict and Global Economic Concerns first appeared on [your]NEWS.
Associated Press News
Asian shares track Wall Street gains and oil prices climb on uncertainty over the Iran war
Asian shares have advanced following modest gains on Wall Street. Oil prices rose early Friday as talks over the U.S. and Iran yielded limited results on ending the war.
Asia Stocks Climb While Oil Jitters Linger; Nikkei Approaches Record
Japan’s Nikkei jumped 2.8% Friday, nearing a record high, as Asian shares climbed on optimism over U.S.-Iran talks. MSCI’s Asia-Pacific index outside Japan rose 0.8%. Oil traded near $105 a barrel, and the yen remained weak, leaving the rally vulnerable to reversals. Lenovo shares surged in Hong Kong after reporting stronger-than-expected revenue. The post Asia Stocks Climb While Oil Jitters Linger; Nikkei Approaches Record appeared first on Tec…
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