Global stocks rise on energy boost as oil hits six-week high ahead of Big Tech earnings

CommodityMacroGeopolitics Impact 4
โดย Reuters·Read original
Summary · why it matters

Global stocks rose on Wednesday, lifted by energy shares, after crude prices hit six-week highs, while U.S. equity futures fell ahead of key earnings from Big Tech and the dollar dipped against other major currencies. Brent crude prices rose 3.5% to $94.22 a barrel, their highest since early June, after two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea following threats of attack from Yemen's Iran-aligned Houthis. The MSCI All-World index was last up 0.1% on the day, while in Europe, oil and gas stocks helped send the STOXX 600 up 0.6%, but futures on the tech-heavy Nasdaq slipped 0.6% and those on the S&P 500 were down 0.2%. Market focus will turn to earnings after Wednesday's closing bell from Alphabet and Tesla, with any doubt about AI monetization potentially calling into question the main driver of the market rally over the past nearly two years. The Japanese yen bounced off a new 40-year low to trade at 162.98 per dollar, while gold rose 1.1% to a two-week high of $4,120 an ounce.

Impact on stocks 2

Artificial Intelligence · 1 stocks
Electrification & Mobility · 1 stocks