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Global Market Today: Asian Shares Rise as Chipmakers Gain, Oil Climbs
Investors await Alphabet and Tesla results as Houthi threats lifted Brent crude to a five-week high, analysts said.
- Asian stocks rose on Thursday as U.S. technology firms outlined major capital spending plans, with Alphabet raising its annual target to between $195 billion and $205 billion to boost regional chipmakers.
- Rising geopolitical tensions in the Middle East pushed Brent crude futures up 2% to $96 per barrel, while analysts warn conflict-related closures of the Strait of Hormuz and Bab el-Mandeb could disrupt global shipping.
- The Japanese yen remained at 163.1 per dollar after trading near 40-year lows, and Japanese Finance Minister Satsuki Katayama stated on July 22 that the government remains ready to take "decisive action" in currency markets.
- Market focus turns to earnings from Alphabet and Tesla, with investors questioning whether high AI spending will generate significant profit growth, as Allspring Global Investments portfolio manager Gary Tan said AI is "moving from infrastructure to disruption."
- Short-Term U.S. Treasury yields rose to 17-week highs as traders wager the Federal Reserve may increase interest rates later this year, reflecting renewed concerns about global growth and inflation pressures.
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Middle East Clashes Send Oil Soaring. AI Spending And Inflation Fears Lead Stocks To Sink
Stocks are sinking on Thursday as escalating clashes in the Middle East send oil soaring, while rekindled inflation fears and concerns over AI spending are leading stocks to plummet.
·New York, United States
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Asian Stocks Climb on AI Spending Optimism as Middle East Tensions Drive Oil to Six-Week High
Asian stock markets advanced Thursday as strong investment plans by major U.S. technology companies boosted confidence in the semiconductor sector, while escalating conflict in the ... The post Asian Stocks Climb on AI Spending Optimism as Middle East Tensions Drive Oil to Six-Week High first appeared on [your]NEWS.
The geopolitical tensions in the Middle East and the rise in oil prices make Asian investors nervous. The semiconductor industry benefits from Alphabet's investment plans.
·Düsseldorf, Germany
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Tech bounce lifts Asia stocks, oil extends gains on US-Iran fears
·Issy-les-Moulineaux, France
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Total News Sources24
Leaning Left0Leaning Right8Center6Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
C 43%
R 57%
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
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