US Stocks Today: US Stocks Retreat as Oil Crosses $100, Yields Rise Ahead of Inflation Data
Brent crude rose to $105 a barrel and U.S. Treasury yields climbed as investors awaited inflation readings and the Federal Reserve meeting.
- On Thursday, Sept 10, Asian stocks fell as oil prices extended gains, breaking the $100 barrier amid resurgent Middle East hostilities that have fanned inflation fears.
- Resurgent hostilities in the Middle East drove Brent crude past $100 on Sept 9, surging more than 20 per cent in less than a week as forces exchanged attacks on vessels in the Strait of Hormuz.
- With Wall Street and Europe markets in the red, US diesel prices reached a record of almost $6 a gallon, while The European Central Bank is tipped to lift borrowing costs on Sept 10.
- Shares in Japanese gaming giant Nintendo sank following an online showcase that analyst Serkan Toto of Kantan Games called "very underwhelming," telling AFP the company has "shown everything that they have" for this calendar year.
- Investors now face a rockier patch as they focus on inflation and central banks, with government bond yields jumping on Sept 9 after the US Treasury announced an expanded buyback programme that appeared to disappoint market participants.
30 Articles
30 Articles
Wall Street dips, oil continues climb ahead of US inflation data
Nervy markets were waiting for key U.S. inflation data on Thursday after the ECB lifted its interest rates for a second time this year and oil held above $100 a barrel following U.S. and Iranian tanker missile strikes in the Strait of Hormuz.
Reformatorisch Dagblad
welingelichtekringen.nlUS stock markets closed lower again on Thursday. Sentiment on Wall Street was dampened by further rising oil prices, which increased inflation concerns even more. Oil prices rose by more than 6 percent and are now at their highest levels since May. Brent crude rose to $108 per barrel, while US oil costs well over $102 per barrel.
Brent's survival presses over $100 on world markets, with Asian equities and high bond yields, while currencies move carefully and gold rise in anticipation of American inflation data.
Stocks sink as oil rally fans inflation and rate hike fears
With the US and Iran exchanging strikes around the crucial Strait of Hormuz -- and Saudi Arabia entangled in a conflict with Yemeni rebels -- there appears little prospect of an end to the crisis, dealing a rally across markets. Brent crude struck past $100 on Wednesday for the first time since July and has surged more than 20 percent in less than a week as forces exchanged attacks on vessels in Hormuz. That has fanned speculation the Federal Re…
The Economic Times
Times of IndiaUS stocks today: US stocks retreat as oil crosses $100, yields rise ahead of inflation data
US stocks fell on Wednesday as Brent crude climbed above $100 a barrel, raising fresh inflation concerns and weighing on investor sentiment. The S&P 500, Nasdaq and Dow declined as Treasury yields rose ahead of key US inflation data. Markets are also weighing the possibility of a Federal Reserve rate hike next week.
Coverage Details
Bias Distribution
- 46% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
