US stock markets closed flat overnight as surging Treasury yields and escalating Middle East tensions checked market momentum. The 10-year Treasury yield surged to 5.22%, its highest level since June 2007, while the 30-year yield touched 5.50%. Inflationary fears mounted after Brent crude surged past US$106.77 per barrel following heightened US-Iran rhetoric, triggering expectations of additional Federal Reserve rate hikes.
Equities Stagnate
European shares posted losses, while Asian equities delivered mixed performances. Investors are closely monitoring global trade developments following the extended US-China trade truce and the upcoming summit between President Trump and President Xi Jinping.
Source: Apex
Table of Contents
Read More News on Latest Malaysia
Follow us on:
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Leave a Reply
You must be logged in to post a comment.