Asian Shares Decline Under Pressure From Rising Bond Yields and Surging Oil Prices
The 10-Year U.S. Treasury yield held near 5.31% as Fed officials signaled another rate hike and Brent crude rose 2.2%, traders said.
- Asian shares fell on Thursday, following Wednesday's retreat on Wall Street where The Dow Jones Industrial Average slipped 0.7% and Nasdaq declined 0.2%. Japan's Nikkei 225 dropped 0.9% and South Korea's Kospi fell 0.8%.
- The yield on the 10-Year Treasury remained near a multi-decade high after reaching 5.36% on Wednesday, its peak since 2002. Federal Reserve minutes released Wednesday showed most officials expect another interest rate hike this year.
- Rising bond yields continue to pressure stock prices by increasing borrowing costs for companies and consumers. Inflation in the U.S. remains above the Federal Reserve's 2% target, compounding market headwinds.
- Early Thursday, Brent crude rose 2.2% to $102.43 per barrel, while Benchmark U.S. crude gained 1.9% to $89.96 a barrel. Uncertainties regarding global crude supplies amid the Iran war drove the energy price surge.
- The International Energy Agency reported Wednesday that members support faster oil releases from inventories. The Atlantic cited unnamed officials claiming the White House asked the Pentagon to develop strike options against Iran.
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Asian shares decline under pressure from rising bond yields and surging oil prices – WTOP News
HONG KONG (AP) — Asian shares fell and oil prices surged Thursday after stocks on Wall Street retreated from their latest records. U.S. equity futures were mixed. Stocks once again have retreated under pressure from rising yields in the bond market. The yield on the 10-Year U.S. Treasury stayed near a multi-decade high after minutes...
Asian shares decline under pressure from rising bond yields and surgin
HONG KONG (AP) — Asian shares fell and oil prices surged Thursday after stocks on Wall Street retreated from their latest records. U.S. equity futures were mixed. Stocks once again have retreated under pressure from rising yields
World shares drop as oil jumps, bond yields stay high - Trading and Investment News
Overnight in Asia, Nikkei had slipped 1.4% and KOSPI plunged 2.6% World shares slid on Thursday as a mild pullback in sovereign bond yields was countered by a jump in oil prices and indicators of the massive debt that technology companies may need to sustain their dramatic artificial intelligence-fuelled growth. Overnight in Asia, Nikkei had […]
Global markets are falling this Thursday (8), under pressure from high oil and rising interest expectations in the United States, with Brent surpassing US$ 103 per barrel, increasing risk aversion and weighing on securities and shares. The movement gained strength after a report from The Atlantic magazine divulge [...] The post Morning Call: High Oil generates new wave of sale of securities and shares appeared first in Market Monitor.
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