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Australian shares rose for a third session on Monday, driven by a rally in energy and gold stocks on strong underlying commodity prices amid the Middle East violence, while Wall Street's robust finish...
Despite the broadly positive cues from global markets on Friday, Asian stock markets are trading mixed in slim holiday trading on Monday, as traders are cautious amid the geopolitical tensions in the Middle East after Hamas' surprise violent attack on Israel over the weekend.
Saturdays assault has sparked fresh concern about geopolitical risks among investors just when global financial markets were already grappling with the impact of high-interest rates and the slowdown in Chinas economy. Oil surged more than 5% while US equity futures dropped in Asia trading, as the risk of the conflict escalating across the Middle East region remains acute.
(Bloomberg) -- The surprise attack on Israel by Hamas weighed on shares of global companies with local connections, including chipmakers and software providers, as investors fretted that the conflict could escalate.Most Read from BloombergIsrael Latest: Army Stops Lebanon Incursion, Calls Up 300,000Israel Latest: Over 1,100 Dead; US Sends Warships to RegionSchumer Confronts Xi on Israel-Hamas Stance in Rare MeetingOil Surges as Israel Conflict Reignites Middle East VolatilitySaturday’s assault h
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The S&P 500 gained 1.2% on Friday, Oct. 6, 2023, after the Labor Department reported hiring jumped but wage gains slowed, raising optimism that the Fed might not keep raising interest rates to fight inflation.