Global Shares Mostly Lower as Oil Rises and Markets Await Trump-Xi Talks
- On Thursday, European shares inched lower as investors weighed lingering Middle East tensions and awaited highly anticipated talks between President Donald Trump and Chinese President Jinping on trade relations.
- Oil prices edged higher as traders reassessed supply risks tied to the Middle East conflict, with Brent crude futures holding above the key $100-per-barrel level.
- France's CAC 40 shed nearly 0.8% to 8,061.10, while the German DAX declined 0.9% to 25,183.19; Dow futures dropped 0.4%.
- Among individual stocks, Shelly Group gained 6.2% after Schneider announced a €1.2 billion takeover bid for the Bulgarian smart-device maker.
- Fed Gov. Michael Barr said further hikes "are likely to be needed" to reach the Fed's 2% target, following the first rate increase in three years last week.
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The risk aversion extends across the global markets this Thursday, with the fall of the exchanges, the high of oil and the trigger of the long interest in the United States. The uncertainties around the conflict in the Middle East, still far from a resolution, and the caution before the summit between Presidents Donald Trump of the United States and Xi Jinping of China, keep investors on alert. Exclusive material for subscribers. To have full ac…
Hang Seng index, Taiwan's Taiex slip on bond worries, oil volatility; Trump-Xi talks in focus - What's next?
The Hang Seng and Taiwan Taiex closed lower on September 24, tracking Wall Street's decline amid concerns over rising bond yields and oil prices. Investor sentiment is cautious as attention turns to a US-China meeting, with skepticism about substantial outcomes.
European shares dip on Middle East tensions ahead of US-China talks
Global Market: European shares edge lower as Middle East tensions, US-China talks in focus
European shares fell amid investor caution as tensions in the Middle East affecting energy markets persisted. Oil prices remained above $100 per barrel, providing some support to the energy sector. Aerospace and defence stocks faced pressure, contributing to the overall decline in equities. Additionally, investors monitored the upcoming meeting between Donald Trump and Xi Jinping regarding trade relations.
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