European stock markets fell mostly this Tuesday morning (18), while the standoff between the US and Iran keeps oil prices high and gives strength to sovereign bond yields in Europe and the US, amid concerns about inflation.
European stock markets fall with high oil and rising interest rates; US-Iran tension on radar
European stock markets fell mostly this Tuesday morning (18), while the standoff between the US and Iran keeps oil prices high and gives strength to sovereign bond yields in Europe and the US, amid concerns about inflation. At around 6:45...
Oil, which has been rising sharply since last week, continues to be supported by uncertainties surrounding the conflict in the Middle East. Yesterday, US President Donald Trump said he was in no rush to end the standoff with Iran and threatened to bomb Oman if the country "gets in the way" of Washington's efforts to reach a peace deal with Tehran.
- Early in the morning, Brent was hovering close to stability, around US$91 per barrel.
- The appreciation of oil has been one of the main factors behind persistent inflation, which could eventually lead large central banks to resume interest rate hikes.
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At around 6:45 am (Brasília time), the pan-European Stoxx 600 index fell 0.57%, to 652.70 points.
Oil, which has been rising sharply since last week, continues to be supported by uncertainties surrounding the conflict in the Middle East. Yesterday, US President Donald Trump said he was in no rush to end the standoff with Iran and threatened to bomb Oman if the country "gets in the way" of Washington's efforts to reach a peace deal with Tehran. Early in the morning, Brent was hovering close to stability, around US$91 per barrel.
The appreciation of oil has been one of the main factors behind persistent inflation, which could eventually lead large central banks to resume interest rate hikes. In the last few hours, the interest rate on the 10-year German bund reached a 15-year high, and the 30-year British gilt reached its highest level in three months, following the movement of US Treasuries.
At the time above, the European technology sector registered a drop of 1.8%, while the mining sector fell 1.2%, due to the weakness in gold prices.
At 7:01 am (Brasília time), the London Stock Exchange fell 0.02%, the Paris Stock Exchange fell 0.41% and the Frankfurt Stock Exchange fell 0.30%. Milan lost 0.64%, while Madrid rose 0.18%.
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