Global stocks slip as Brent crude jumps to four-year high
Updated
Updated · SWI swissinfo.ch in English · Apr 30
Global stocks slip as Brent crude jumps to four-year high
10 articles · Updated · SWI swissinfo.ch in English · Apr 30
Europe's Stoxx 600 fell 0.5% for a fifth straight loss, MSCI Asia Pacific dropped 1.3%, and Brent briefly rose 7.1% above $126 before trimming gains.
The oil surge, driven by the Iran war, deepened inflation worries, hit energy-dependent Europe and raised expectations the ECB and Bank of England will keep rates unchanged.
Markets were also digesting the Fed's hawkish hold, higher Treasury and Japanese bond yields, and mixed megacap earnings, while reports said Donald Trump would receive a briefing on possible military action in Iran.
How are top CEOs preparing for a potential $190 oil price shock?
With oil at $126, what is the strategic endgame for the Strait of Hormuz blockade?
Will the Iran war permanently pivot Europe towards nuclear energy independence?
As stocks hit records, is an AI-fueled 'dotcom bubble' about to burst?
Are central banks truly powerless against a war-driven global recession?