Oil Drop Eases Market Concerns
The decline in oil prices and the easing of pressures on government bonds led to a limited rise in global stocks, amid concerns about rising financing costs and their impact on AI investments. Statements from the U.S. President confirmed that Washington will not attack Iran before the midterm elections, which alleviated concerns about energy supplies. In the financial markets, the price of Brent crude reached $103.50 per barrel after a previous increase, while chip stocks declined amid fears over valuations and profitability of AI companies. Meanwhile, borrowing costs in Europe decreased due to pressures from inflation concerns and France's public finances, as gold prices rose while the dollar declined.
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