US EditionStocks drop, oil gains as Mideast unrest fuels inflation fears
- Major global stock markets including Europe's Cac 40 and Dax fell on Thursday amid escalating aerial strikes between Israel and Iran.
- The conflict raised concerns over oil supply disruption through the Strait of Hormuz, a key shipping lane for one-fifth of global oil, spurring energy price gains.
- On June 18, the Philippine Stock Exchange Index retreated 0.5 percent to 6,337.43 as investors reacted anxiously to the Middle East tensions, with energy majors gaining.
- Federal Reserve Chair Jerome Powell called the economy 'still solid' but warned that Trump's tariffs would likely increase prices and weigh on growth this year.
- Central banks in Switzerland and Norway cut rates citing economic uncertainty fueled by conflicts and trade tensions, while investors awaited the Bank of England and BSP decisions.
53 Articles
53 Articles
Sydney Morning Herald
The AgeASX set to slide, global markets fall on Middle East tensions; Oil rises
European shares skidded to an over one-month low on Thursday as escalating Middle East tensions and fears over potential US involvement rattled investors. Wall Street was closed.
PSEi retreats as Israel-Iran conflict rises
MANILA, Philippines — The Philippine Stock Exchange Index (PSEi) retreated on Wednesday as anxious investors reacted to escalating conflict in the Middle East. This also happened ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy meeting. By the closing bell, the benchmark PSEi had lost 0.5 percent, or 31.76 points, to 6,337.43. Also, the broader
The escalation of war between Israel and Iran and the approximation of July 9, a deadline set by Donald Trump to negotiate trade agreements with all the countries of the...
The war between Israel and Iran also burdened Europe's stock exchanges on Thursday. It was the third day of loss in a row and the highest daily loss in four weeks.
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