1 Day
Source:
الشرق اللبنانية
Global stocks rise amid easing oil prices
Global stocks rose after oil prices declined from their highest levels in over a month, as hopes for successful mediation efforts to halt the escalation between the United States and Iran helped improve market performance. Oil prices fell amid ongoing tensions in the Middle East, with Brent crude down 0.6% to $88.72, amid expectations of a temporary ceasefire lasting 10 days between Iran and the resistance, despite Houthi threats of a naval blockade on Saudi Arabia, which keeps energy supply concerns alive. Meanwhile, the Eurostoxx 600 and the Nasdaq regained momentum, as investors await the earnings reports of major tech companies, including Alphabet and Intel, to gauge how investments in artificial intelligence can support growth, despite pressures from rising energy and interest rates. Concerning monetary policies, tensions in the Middle East are rekindling inflation fears, with the possibility of the Federal Reserve raising interest rates at least once, while the dollar remains close to its weekly highs. The euro and yen continue to be monitored, as market caution persists.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)