Explore

Wall St slips as Gulf tensions send oil to over six-week high

Wall St slips as Gulf tensions send oil to over six-week high

By Niket Nishant and Tharuniyaa Lakshmi Sept 8 (Reuters) - The major U.S. stock indexes edged lower on Tuesday as fresh hostilities in the Middle East pushed oil prices to their highest since late July, while markets await inflation data due later this week.

Wall St futures muted as oil tops $100 for first time since July

Wall St futures muted as oil tops $100 for first time since July

Sept 9 (Reuters) - U.S. stock index futures were subdued on Wednesday as oil prices blew past $100 for the first time since July amid an intensifying Middle East conflict, keeping investors cautious ahead of inflation data later this week.

Wall St slips as steep oil prices stoke inflation concerns ahead of CPI

Wall St slips as steep oil prices stoke inflation concerns ahead of CPI

By Niket Nishant and Tharuniyaa Lakshmi Sept 8 (Reuters) - The major U.S. stock indexes edged lower on Tuesday as fresh hostilities in the Middle East pushed oil prices higher, while markets await inflation data due later this week.

S&P 500 falls as AI worries hit software makers

S&P 500 falls as AI worries hit software makers

By Noel Randewich and Niket Nishant Sept 8 (Reuters) - The S&P 500 fell on Tuesday, with Salesforce and other software makers losing ground, while hostilities in the Middle East lifted oil prices and investors awaited inflation data that could affect the chances of an interest rate hike.

Brent crude oil rises above $100 a barrel as Middle East conflict intensifies

Brent crude oil rises above $100 a barrel as Middle East conflict intensifies

By Anushree Mukherjee and Robert Harvey Sept 9 (Reuters) - Brent crude futures breached $100 a barrel on Wednesday for the first time since July 24 as escalating attacks in the Middle East, including on tankers, stifled hopes of a normalisation of oil shipping in the region.

BOJ policymaker warns of price risks that may trigger rapid rate hikes

BOJ policymaker warns of price risks that may trigger rapid rate hikes

By Leika Kihara FUKUI, Japan, Sept 10 (Reuters) - The Bank of Japan may eventually be forced to raise interest rates rapidly if inflation accelerates given the country's loose financial conditions, board member Kazuyuki Masu said, warning of price risks that solidify the chance of a September hike.

Baker Hughes raises annual forecasts after Chart purchase, signals LNG recovery ahead

Baker Hughes raises annual forecasts after Chart purchase, signals LNG recovery ahead

By Vallari Srivastava and Pranav Mathur Sept 9 (Reuters) - U.S. oilfield services provider Baker Hughes raised its full-year forecasts on Wednesday, reflecting the benefits of its $13.6 billion acquisition of industrial equipment maker Chart Industries.

European shares dip as higher oil prices weigh; Novartis slips

European shares dip as higher oil prices weigh; Novartis slips

Sept 7 (Reuters) - European shares edged lower on Monday as oil prices climbed after a fresh exchange of strikes between the United States and Iran, fuelling inflation concerns and bolstering expectations that the European Central Bank may need to keep raising interest rates beyond this week's

European shares dip as higher crude revives inflation worries; Novartis drags

European shares dip as higher crude revives inflation worries; Novartis drags

Sept 8 (Reuters) - European shares edged lower on Tuesday as rising oil prices fuelled inflation worries and supply concerns over a prolonged Middle East conflict, while Novartis came under pressure after reporting its second drug development setback.

European shares subdued as surging crude sharpens focus on ECB rate path

European shares subdued as surging crude sharpens focus on ECB rate path

By Medha Singh and Ragini Mathur Sept 7 (Reuters) - European shares closed flat on Monday as rising oil prices following renewed U.S.-Iran tensions fuelled inflation worries, offsetting stronger-than-expected euro zone economic data. The pan-European STOXX 600 ended at 649.9 points.

Oil rises as risks of prolonged Mideast conflict heighten supply worries

Oil rises as risks of prolonged Mideast conflict heighten supply worries

Sept 8 (Reuters) - Oil prices extended gains on Tuesday as risks of a prolonged conflict in the Middle East grew after Iran threatened to retaliate against any new U.S. attacks on its assets, heightening worries over supply disruption.

European shares dip on oil-led inflation woes; Novartis set for worst day on record

European shares dip on oil-led inflation woes; Novartis set for worst day on record

By Sudeshna Ghoshal Sept 8 (Reuters) - European shares eased on Tuesday as firmer oil prices fuelled inflation worries and concerns that a Middle East war could disrupt supplies, while Novartis is on track for its worst day on record after reporting a second drug development setback.