World markets regain calm as oil steadies and bond selloff cools

  • World markets steadied as oil prices held firm and bond-market pressure eased.
  • Broadcom shares fell more than 1% after its fourth-quarter outlook disappointed investors.
  • The yen rose about 1% amid expectations of a Bank of Japan rate hike.

World markets found some stability over the past 24 hours as oil prices steadied and bond-market pressure eased. U.S. Treasury yields fell from multi-year highs after President Donald Trump indicated an intention to limit the duration of the latest attacks in the Gulf standoff with Iran, while top aides sought "quiet" ahead of November's midterm elections. European bond markets remained unsettled as natural gas prices surged to three-year highs before winter. Asian shares were choppy, while U.S. stock futures rose after major Wall Street indexes closed higher on Wednesday. The yen gained about 1%, driven more likely by increased expectations for at least a quarter-point Bank of Japan rate hike this month than by suspected currency intervention. August ADP private payroll growth came in slightly below forecasts ahead of the nationwide jobs report. Broadcom beat earnings expectations but issued a weaker fourth-quarter outlook; its shares fell more than 1% in extended trading despite a forecast for strong AI chip sales over the next two years.

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World markets regain calm as oil steadies and bond selloff cools - CoinPost Terminal