Shares skid in Asia as oil climbs, yields stay high
Global markets declined Monday as US and Iran resumed military attacks, triggering a jump in oil prices and rising bond yields. Shares skidded in Asia and US stock futures dipped amid mounting inflation fears. Investors are weighing the likelihood of central bank rate hikes following these tensions and comments from Warsh at Jackson Hole. While some traders prepare to close a winning month, current volatility is driven by the geopolitical clash and anticipation of upcoming tech earnings and jobs data.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Oil prices rose following the resumption of military attacks between the US and Iran.
- ✓ Bond yields increased as US and Iran resumed military clashes.
- ✓ Asian shares and US stock futures declined.
What changed
US and Iran have resumed military attacks, causing oil prices to surge and bond yields to rise.
Live updates
-
Asian and US Stocks Slide as US-Iran Military Attacks Drive Oil Higher
Global markets declined Monday as US and Iran resumed military attacks, triggering a jump in oil prices and rising bond yields. Shares skidded in Asia and US stock futures dipped amid mounting inflation fears. Investors are weighing the likelihood of central bank rate hikes following these tensions and comments from Warsh at Jackson Hole. While some traders prepare to close a winning month, current volatility is driven by the geopolitical clash and anticipation of upcoming tech earnings and jobs data.
Why it matters
Military conflict between the US and Iran directly impacts global energy supplies, which often pushes oil prices higher. Higher energy costs typically fuel inflation, prompting central banks to raise interest rates to stabilize prices. This sequence creates a downward pressure on equity markets.
What is confirmed
- Oil prices rose following the resumption of military attacks between the US and Iran.
- Bond yields increased as US and Iran resumed military clashes.
- Asian shares and US stock futures declined.
Still unconfirmed
- Chances of a rate hike rose after Warsh's Jackson Hole comments.
What to watch next
- Upcoming US jobs data
- Tech company earnings reports
- Further military developments between the US and Iran
confidence 90%Sources used for this update (9)
- CNBC — Stock futures are little changed as traders get set to wrap up a winning month: Live updates
- Investor's Business Daily — Dow Jones Futures Fall, Oil Prices Jump As U.S. Strikes Iran
- Bloomberg.com — Oil Rises on Iran Tensions, US Stock Futures Dip: Markets Wrap
- Barron's — Stock Futures Drift Lower, Oil Rises Ahead of Jobs Data, Tech Earnings
- Reuters — Shares skid in Asia as oil, yields stay high
- MarketWatch — U.S. stock futures slip as chances of rate hike rise after Warsh’s Jackson Hole comments
- www.aol.com — Yields rise, stocks ease, with oil gaining as US and Iran resume military attacks
- www.globalbankingandfinance.com — Yields rise, oil jumps; US and Iran resume military attacks
- english.kontan.co.id — GLOBAL MARKETS-Yields Rise, Oil Jumps; US and Iran Resume Military Attacks
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community