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Oil jumps after reports of new Middle East strikes
The latest market snapshot is being driven by a rise in oil prices following reports of new strikes in the Middle East, according to WSJ Markets. The move has fed into broader risk sentiment across global markets.
In the same session, Japanese bond markets showed pressure, with the Japanese 10-year yield hitting its highest level in three decades. At the same time, the Nasdaq index was reported to be falling.
The WSJ Markets snapshot links the oil surge and higher yields to a softer tone in equities, with investors reacting to the combined impact on inflation and growth expectations.
Latest closeNasdaq Comp. 26,099.77 ▼1.0%
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