US Stock Reports, Quotes and News
A risk-off sentiment gripped developing-nation assets, taking a cue from money markets that were no longer pricing a Federal Reserve interest-rate cut in September, pushing their expectation to November.
Investing.com– U.S. stock index futures tread water in evening deals on Monday, extending a decline on Wall Street as risk appetite remained fragile in the face of geopolitical tensions in the Middle East and higher-for-longer interest rates.
Investing.com– Asian stocks fell sharply on Tuesday, tracking an overnight rout on Wall Street amid persistent concerns over geopolitical tensions in the Middle East and higher-for-longer U.S. interest rates.
Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.
European shares inched up on Monday, with defence stocks among top gainers, as investors assessed the wider implications of escalating tensions in the Middle East, while optimism around imminent interest rate cuts also aided sentiment.