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World Shares Advance as Oil Prices Climb Higher and Iran Launches New Attacks
Global stock markets rose with the S&P 500 up 0.8% as oil prices climbed amid renewed missile attacks by Iran on Israel and U.S. bases, raising inflation concerns.
- On Thursday, Iran launched more missiles at Israel on the sixth day of the war, and the conflict included fresh attacks on Israeli and United States bases.
- Investors hunted bargains, lifting share prices as some stocks gained 12% earlier, while U.S. private-sector employers increased hiring last month, boosting buying interest.
- Crude oil rose, with Brent crude and U.S. benchmark crude climbing, while the S&P 500 rose 0.8% and South Korea's Kospi jumped 9.6%.
- Governments moved to stabilize markets with emergency steps after Wednesday's plunge, while President Lee Jae Myung urged activation of a 100 trillion won package and officials warned higher oil complicates the Fed's task.
- S&P 500 future and currency moves signalled persistent market fragility, with the future down 0.1% and the euro falling to $1.1623 as the U.S. dollar advanced amid war risk.
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17 Articles
Coverage Details
Total News Sources17
Leaning Left2Leaning Right1Center12Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
13%
C 80%
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