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Global Market Today: Asia stocks edge higher, oil up amid Gulf confusion
Asian share markets followed Wall Street higher after a soft US jobs report. Oil prices increased slightly due to stalled Gulf peace talks and shipping lane concerns. Investors anticipate US inflation data, which could influence Federal Reserve interest rate decisions. Strong corporate earnings, particularly in AI, boosted Nasdaq futures last week. Bond yields saw a slight rise as markets prepared for new debt issuance.
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thehindubusinessline.com
Asian shares pause for US jobs, oil extends gains on Mideast risk
After bouts of volatility sparked by concerns over the durability of the AI-driven rally, investors are now squarely focused on the U.S. payrolls report due later in the day,…
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channelnewsasia.com
Asia stocks edge higher, oil up amid Gulf confusion
Brent crude added 0.9 per cent to US$84.32 a barrel as shipping through the vital waterway remained at a trickle, while US crude rose 0.7 per cent to US$78.74 a barrel.
