Global Shares Mostly Lower as Oil Rises and Markets Await Trump-Xi Talks
Oil prices climbed above $100 a barrel as investors awaited Trump-Xi talks and weighed renewed Middle East supply risks, analysts said.
- Global shares and Wall Street indexes opened lower on Thursday as rising oil prices and Treasury yields pressured assets, while investors await the summit between President Donald Trump and Chinese President Xi Jinping.
- Escalating Middle East tensions pushed Brent crude futures above $100 per barrel after Houthi attacks on Saudi sites, while the 30-year Treasury bond yield reached its highest level since 2004.
- Individual stocks saw volatility, with Oracle dropping 5% after sending a 'force majeure' notice, while MGM Resorts slumped 10% after media mogul Barry Diller's People Inc withdrew its purchase proposal.
- Top executives from Meta and Apple are joining Trump and Xi at the White House to discuss AI regulation, the Middle East conflict, and Taiwan.
- The CME Group's FedWatch Tool shows a 71% chance of an interest rate hike next month, as Federal Reserve officials suggest further increases are necessary to reach the 2% inflation target.
39 Articles
39 Articles
Wall Street slips as Middle East escalations lifts oil; Trump-Xi talks in focus
Wall Street's main indexes dropped on Thursday, with the blue-chip Dow hitting a more than three-month low, as escalating tensions in the Middle East lifted oil prices and Treasury yields while investors monitored a US-China summit. Crude prices shot up $4 a barrel, with Brent futures hitting $107 after Yemen's Houthis said they attacked Saudi military sites in Jazan, days after US and Iran leaders exchanged barbs at the UN General Assembly. The…
"Way Shorter Than Beijing Hoped": China Stocks Tumble As Trade Truce Disappoints
"Way Shorter Than Beijing Hoped": China Stocks Tumble As Trade Truce Disappoints Chinese stocks slipped overnight as the two-month extension of the US-China trade truce fell short of some Wall Street expectations (some desks were hoping for +6 months), offering limited reassurance that today's talks would deliver a long-lasting trade deal, stabilize bilateral ties, and ease uncertainty over global trade. The mainland CSI 300 Index dropped 1.7%, …
Free Malaysia Today News
Sunday WorldBond market selloff rumbles on ahead of Trump and XI talks
European bond yields edged higher as oil prices climbed back above US$105 a barrel and traders awaited a potentially tense Donald Trump-Xi Jinping meeting in Washington.
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…
Coverage Details
Bias Distribution
- 53% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
