A sharp drop in U.S. crude stocks has raised worries about fuel supply and demand.
U.S. crude climbed 3.6% on Wednesday and an additional 1% on Thursday, hitting $95 per barrel for the first time since August 2022. Brent futures also reached a one-year high at $97.69.
Higher energy costs and inflation concerns added pressure to longer-term bonds, with 10-year Treasury yields up more than 50 basis points this month at 4.599%.
Global equities, measured by MSCI's index, faced downward pressure and were potentially heading for their 10th consecutive daily loss.
Asia-Pacific shares outside Japan were near a 10-month low, while U.S. and European futures remained volatile.
Japan's Nikkei fell 1.8%, with some investors selling dividend-affected stocks.
The strong U.S. dollar pushed the Japanese yen close to 150 per dollar, raising intervention concerns.
The dollar/yen rate reached 149.71 on Wednesday and traded at 149.40 in Asia on Thursday. The euro also dropped to a nine-month low of $1.0488 on Wednesday.
China's markets grappled with challenges as a long holiday approached, marked by negative news and selling.
Shares of troubled developer China Evergrande were suspended in Hong Kong, and Fitch Ratings expressed concerns about China's property sector stress.
The Hang Seng index fell by 1%, nearing a 10-month low, while the mainland CSI300 declined by 0.2%.
The Chinese yuan faced pressure, trading near the weaker end of its range at 7.3057 per dollar.
Higher energy prices supported the Australian dollar at $0.6378.
Gold faced losses, heading for its worst week since February, trading at $1,875 per ounce.
U.S. crude climbed 3.6% on Wednesday and an additional 1% on Thursday, hitting $95 per barrel for the first time since August 2022. Brent futures also reached a one-year high at $97.69.
Higher energy costs and inflation concerns added pressure to longer-term bonds, with 10-year Treasury yields up more than 50 basis points this month at 4.599%.
Global equities, measured by MSCI's index, faced downward pressure and were potentially heading for their 10th consecutive daily loss.
Asia-Pacific shares outside Japan were near a 10-month low, while U.S. and European futures remained volatile.
Japan's Nikkei fell 1.8%, with some investors selling dividend-affected stocks.
The strong U.S. dollar pushed the Japanese yen close to 150 per dollar, raising intervention concerns.
The dollar/yen rate reached 149.71 on Wednesday and traded at 149.40 in Asia on Thursday. The euro also dropped to a nine-month low of $1.0488 on Wednesday.
China's markets grappled with challenges as a long holiday approached, marked by negative news and selling.
Shares of troubled developer China Evergrande were suspended in Hong Kong, and Fitch Ratings expressed concerns about China's property sector stress.
The Hang Seng index fell by 1%, nearing a 10-month low, while the mainland CSI300 declined by 0.2%.
The Chinese yuan faced pressure, trading near the weaker end of its range at 7.3057 per dollar.
Higher energy prices supported the Australian dollar at $0.6378.
Gold faced losses, heading for its worst week since February, trading at $1,875 per ounce.
Kommentar:
The market is still trending in the right direction.
Kommentar:
The market is still trending in the right direction !
