7 Hrs
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الاقتصادية
Asian stocks fall amid oil rise and inflation fears
Asian stocks declined significantly, following the losses in the American markets, due to the rise in oil prices which exceeded $102 per barrel. This has heightened fears of accelerating inflation and a global increase in interest rates. Meanwhile, the yield on U.S. Treasury bonds remained steady at 4.85%, a level not seen since late 2023, amid market anticipation for the upcoming U.S. inflation report, which could influence Federal Reserve interest rate decisions. The escalation of tensions in the Middle East comes after Iran intensified its military actions, as oil prices continue to rise and economic pressures on the region increase.
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