Stocks Rise, Dollar at Six-Week High as Focus Remains on US-Iran Talks
MSCI’s Asia-Pacific index rose 0.3% as traders weighed Iran talks, while Brent crude climbed 2% and the dollar stayed near six-week highs.
- Asian stocks rose on Friday as investors held hopes for a breakthrough in US-Iran peace talks, though both sides remained at odds over key issues.
- Worries over potential closure of the Strait of Hormuz have sent oil prices soaring, with prolonged energy disruptions threatening to feed through to prices across the globe.
- Japan's Nikkei gained 2% while West Texas Intermediate futures rose 1.66% to US$98.01, and the Japanese yen hovered at 159, keeping investors wary of intervention.
- Markets are now pricing in possible Federal Reserve rate hikes by year-end, with Mitch Reznick, Head of Fixed Income at Federated Hermes, noting inflation expectations are "now feeding directly into realised inflation."
- Data on Friday showed Japan's core inflation slowed to a four-year low in April, complicating the Bank of Japan's rate-hike outlook, while markets drew support from strong Nvidia earnings.
14 Articles
14 Articles
Stocks rise, dollar at six-week high as focus remains on US-Iran talks
By Ankur Banerjee SINGAPORE, May 22 (Reuters) - Asian stocks rose on Friday while the U.S. dollar sat near six- week highs and oil prices were whipsawed as investors held on to hopes of a breakthrough in U.S.-Iran peace talks although both sides remain...
Global Market Today: Asian stocks edge up on optimism over Iran talks
Asian markets are up for a second day. US stock futures are also higher. Optimism about US-Iran talks is boosting sentiment. However, oil prices are climbing again. This is causing some caution. Investors are watching geopolitical developments closely. The yen is steady. Gold is slightly lower.
Dollar steady at six-week high
The dollar index and dollar index futures rose slightly and remained close to levels last seen in early-April The dollar steadied at a six-week high in Asian trade on Friday as markets remained focused on negotiations to end the Iran-U.S. war. The yen weakened slightly following softer-than-expected consumer inflation data for April, although markets broadly maintained expectations for more interest rate hikes by the Bank of Japan. Broader Asian…
CoinStats - Dollar Steadies Near Six-Week High as Iran Pe...
BitcoinWorld Dollar Steadies Near Six-Week High as Iran Peace Talks Drive Market Caution The US dollar traded near a six-week high on Tuesday, supported by cautious investor sentiment as diplomatic efforts to de-escalate tensions with Iran took center stage. The greenback’s strength reflects a broader risk-off mood, with traders closely monitoring negotiations that could reshape energy markets and geopolitical stability in the Middle East. Dolla…
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