10 Hrs
Source:
الاقتصادية
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Asian stocks fall amid rising oil and inflation
Asian stocks declined significantly, following Wall Street's losses, due to rising oil prices and concerns over accelerating global inflation, especially with the upcoming release of the US inflation report. Brent crude rose to around $102 per barrel after Iran escalated its military threats, while the yield on US Treasury bonds remained steady at 4.85%, the highest level since late 2023. The inflation report is expected to influence the Federal Reserve's decision to raise interest rates, with markets indicating a roughly 62% chance of an increase, which could put pressure on US stocks and global markets.
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