Stocks cautious in Asia as oil gains, yields rise
Energy stocks and technology shares outperformed as Brent crude topped $100 and the 10-year U.S. Treasury yield held near a 23-year high.
- On Monday, Asian markets registered broad losses as Brent crude surged above $100 per barrel and the U.S. 10-year Treasury yield jumped to 5.26%, pressuring regional equities amid geopolitical tension.
- Rising energy costs and bond yields reflect anxiety over the Iran war after President Donald Trump rejected a peace proposal, prompting fears of constrained global oil supply and persistent inflationary pressure.
- Nvidia Corporation authorized a record $150 billion share buyback, bringing the chipmaker's total program to $235 billion and providing rare optimism for technology investors amid broader market caution.
- Higher yields and firm oil prices may keep borrowing costs elevated for households and companies, while airlines face margin pressure from volatile fuel bills, according to market analysts.
- Traders now see a significant probability of Federal Reserve rate hikes through December, as analysts warn that persistent inflation may force tighter monetary conditions for the remainder of the year.
486 Articles
486 Articles
Producer prices see largest rise in four years: BLS
Producer prices rose by 1.3 percent from August to September, the largest jump in more than four years, according to data from the Bureau of Labor Statistics (BLS). September’s increase, as measured by the producer price index (PPI), is the largest since producer prices rose by 1.7 percent from February to March 2022. That spike...
Top-tier altcoins by market cap weaken together... Only a few like Chainlink show slight gains - With the November US midterm elections approaching, this week's volatility is a turning point due to factors such as remarks by Fed Chair Kevin Warsh. Bitcoin, the leader of the cryptocurrency market, [is [attaining] the release of major economic indicators]
Bitcoin recovers over 82,000 dollars. But only more than 87,000 would have turned the trend. If the support drops to 80,000, further sales pressure threatens.
XRP Takes a Modest 2.7% Share as Crypto Liquidations Cross $1B
XRP accounted for just 2.7% of total crypto liquidations as the derivatives market recorded $1.09 billion in forced position closures over 24 hours. The losses affected 180,837 traders across tracked exchanges, showing how quickly leveraged positions can suffer during sharp market moves. The largest single liquidation involved an ETH position worth $19.98 million on Hyperliquid.
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