Shares Slip in Asia as Oil Climbs, Rate Hikes Loom
- U.S. equity futures were nearly unchanged before an expected Federal Reserve interest-rate decision, with markets pricing in a 92% chance of a quarter-point increase.
- Oil prices rose after Saudi Arabia reportedly canceled shipments following drone attacks, with Brent crude settling at $108.75 per barrel.
- U.S. stocks fell Tuesday, with the Dow declining 0.63%, the S&P 500 falling 0.45%, and the Nasdaq Composite dropping 0.78%.
- Technology shares weakened after artificial-intelligence company leaders supported slowing product development, while Asian markets were mixed or mostly lower.
331 Articles
331 Articles
Stock markets climb worldwide after oil prices and bond yields give back some of last week's jumps
U.S. stocks are climbing with markets worldwide after oil prices and yields in the bond market gave back some of their jumps from last week. The S&P 500 rose 0.6% Monday and pulled within 1.3% of its all-time high set…
Can AI Optimism Offset the Market Shock From Rising Oil Prices?
Global stocks recovered on Monday as stronger evidence of artificial intelligence demand boosted technology shares, while a retreat in oil prices eased some of the pressure that has weighed on global bond markets. MSCI’s All World index rose 0.3%, while European shares gained 0.75%. US stock futures also advanced, with Nasdaq futures up nearly 1% […]
FTSE 100 Live: Stocks to drop after oil losses weigh on BP, Shell
Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index is set to fall on Monday morning, according to futures from investment platform IG. This would see the FTSE 100 extend the heavy losses it suffered on Friday, when the index closed 1.5 per cent lower. Falling oil prices pushed down BP and [...]
Markets are showing signs of nervousness during September, a month that, statistically, is not the most favorable for shares
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