World · Middle East · 7 hrs ago

Markets weigh Middle East tensions ahead of US inflation data

Markets weigh Middle East tensions ahead of US inflation data

Yemen’s Houthis attacked Riyadh’s main airport over the weekend, raising concern that conflict in the Middle East could spread.

Investors showed a limited reaction, with global stock and bond futures rising while oil prices fell.

Brent crude had climbed as high as $105.63 a barrel after the attack before dropping to $103.43.

Wall Street shares had risen on Friday as investors anticipated strong company earnings.

Analysts expect profits at S&P 500 companies to rise about 25% in the third quarter from a year earlier.

This week, investors will watch major US bank earnings and inflation data, while high energy costs and bond yields remain concerns.

US stock markets will trade as usual on Monday, but US bond markets and Japanese financial markets are closed for holidays.

Sources

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