Volatility gripped Wall Street, with stocks erasing gains as the war in Iran showed no signs of easing. Brent topped $100. Bond traders revived bets on policy easing after sluggish economic data.
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Volatility gripped Wall Street, with stocks erasing gains as the war in Iran showed no signs of easing. Brent topped $100. Bond traders revived bets on policy easing after sluggish economic data.
US stocks gave up earlier gains on Friday as the US said it had stepped up strikes on Iran to unprecedented levels. Oil traded above $100 once again.
As the Iran war erupted, Gulf stock markets looked certain to tumble once trading resumed. But Saudi equities have defied those expectations to rise despite the conflict, helped by support from local investors.
Prolonged higher oil prices could force the South African central bank to consider raising interest rates as a weaker rand pushes inflation higher than it’s prepared to tolerate.
The Ukrainian president is in Paris for talks with one of Kyiv's staunchest allies. The meeting comes as the US-Israeli war on Iran has removed pressure on Moscow, and derailed Ukraine peace talks.
The dollar touched its highest level in two months on Friday, as elevated oil prices sparked worries over inflation and the war in Iran showed no signs of winding down.