Asian stocks rise and oil price slips amid hopes of US-Iran peace deal - business live

Rolling coverage of the latest economic and financial news Brent crude, the international benchmark for oil, is heading towards one of its biggest monthly drop…

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<h2> <a href="https://www.middleeasteye.net/news/brent-will-shoot-us-energy-executives-warn-massive-oil-supply-crunch" rel="bookmark"> <span class="field field-title">'Brent will shoot up': US energy executives warn of mass

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Asian stocks rise and oil price slips amid hopes of US-Iran peace deal - business live Rolling coverage of the latest economic and financial news Brent crude, the international benchmark for oil, is heading towards one of its biggest monthly drops ever as it nears a fall of 17% since the start of May. The market is hopeful that a US-Iran deal, which would extend the ceasefire by 60 days and reopen the strait of Hormuz, will materialise. Whilst the geopolitical headlines provided the main boost to markets yesterday, they got further support after the latest US PCE inflation print was softer than expected, easing concern around the need for rate hikes. The release showed that headline PCE was only up +0.4% in April (vs. +0.5% expected), whilst core PCE was up +0.2% (vs. +0.3% expected). So that led investors to dial back expectations for a Fed rate hike, with the probability of a hike by…

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Confidenza: 82/100

Deterministic fallback judge output. Libre judge fallback via DeepSeek Gamma.

Categoria: cronaca
Entità: Asian