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Shares Slip in Asia as Oil Climbs, Rate Hikes Loom
Asian shares slip as climbing oil prices and anticipated central bank rate hikes fuel inflation worries, with 10-year Treasury yields near 5.00%.
- Asian shares fell as oil prices climbed and investors prepared for possible interest-rate increases in the United States and Japan.
- Brent crude rose to $107.36 a barrel after attacks and shipping threats increased concerns about global energy supplies.
- Japan’s Nikkei fell 1.7%, South Korea’s market dropped 3.3%, and Asia-Pacific shares outside Japan declined 0.8%.
- Markets priced in an 86% chance that the Federal Reserve would raise rates by 25 basis points, potentially marking the first increase since mid-2023.
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Global markets are optimistic that a diplomatic solution can be reached between the United States and Iran, with the rise in technology and AI shares, as well as the rise in technology and artificial intelligence stocks.
·Türkiye
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The New York Stock Exchange closed in new peaks this Monday, backed by the fall in oil prices in the face of hopes for a resumption of dialogue between Washington and Tehran, and a renewed interest in AI values.
·Warsaw, Poland
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Coverage Details
Total News Sources409
Leaning Left54Leaning Right57Center108Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 25%
C 49%
R 26%
Factuality
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