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Asian stocks drop as Brent stays above $100
Asian stocks declined today, Thursday, amid fears of ongoing war in the Middle East, coinciding with oil prices remaining above $100 per barrel. This heightened investor concerns about inflation and monetary policy. Brent crude futures increased to around $101.11, the highest level since July, after surpassing the $100 mark yesterday. U.S. 10-year Treasury yields held steady at 4.84% following the Treasury Department's announcement of a plan to buy $6 billion in long-term bonds, which disappointed some investors. Meanwhile, markets are expecting the European Central Bank to raise interest rates, with investors reacting to rising tensions in the Middle East and the potential impact on inflation and global markets.
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