Markets Outlook Amid Continued US Strikes on Iran, China Eco Data
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Markets Outlook Amid Continued US Strikes on Iran, China Eco Data
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Business and finance news from the Asia-Pacific.
Oil rose for a third day as President Donald Trump threatened further strikes on Iran, hours after the US resumed its blockade on the Islamic Republic’s shipping through the Strait of Hormuz. Global benchmark Brent advanced 1.8% to above $86 a barrel after surging 11% in the previous two sessions.
The weak US inflation numbers and a strong start to the earnings season have revived the AI trade, boosting technology stocks after a recent bout of volatility. While the data gives the Fed more room to keep rates on hold, escalating tensions in the Middle East continue to cloud the inflation outlook by threatening higher energy prices. We spoke to Paisley Nardini, Portfolio Manager at Simplify Asset Management.
For a preview of the incoming economic data out of China, Bloomberg TV Host Avril Hong talked to Peiqian Liu, Asia Economist at Fidelity International.
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