Premarket: Global stocks climb, U.S. dollar near six-week high amid Iran talks uncertainty
Global stocks have increased as the U.S. dollar approaches a six-week high amid ongoing uncertainty surrounding U.S.-Iran peace talks. While there are some positive signs in negotiations, concerns remain over Iran's uranium stockpile and the critical Strait of Hormuz. Investors are wary of prolonged energy disruptions that could lead to inflation and influence interest rate expectations.
- ▪Global stocks rose, with MSCI's main world stocks index increasing by 0.22 percent.
- ▪Oil prices have also moved higher, with Brent crude futures rising 2 percent to $104.96 a barrel.
- ▪Markets are now pricing in a more than 50 percent chance of a rate hike from the U.S. Federal Reserve by the end of the year.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountGlobal stocks rose, the U.S. dollar hovered around its highest levels in over six weeks and oil prices edged up, as a great deal of uncertainty surrounded U.S.-Iran peace talks.U.S. Secretary of State Marco Rubio said there had been “some good signs” in talks to end the nearly three-month-old U.S.-Israeli war on Iran, but differences remain over Tehran’s uranium stockpile and control of the strait.The worry for investors remains the near-closure of the Strait of Hormuz, a critical artery for the world’s energy supplies that has sent oil prices soaring and rewired the global interest rate outlook because of inflationary concerns.MSCI’s main world stocks index rose 0.22 per cent.
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