Ben May
Coverage of Ben May in the Nexus archive.
- Shares are mixed in Europe and Asia ahead of US inflation report, while oil prices gain
Global shares were mixed Wednesday amid anticipation of key U.S. inflation data, while oil prices advanced due to persistent doubts over when crude could flow freely again following tensions with Iran and attacks by Houthi rebels. While Asian markets saw gains in some sectors, overall volatility was driven by geopolitical risks concerning major shipping routes like the Strait of Hormuz.
- Shares are mostly higher in Asia, with Kospi up 3.7%, while oil prices gain
Asian shares were mostly higher on Wednesday, exemplified by the Kospi gaining 3.7% and Nikkei 225 gaining 0.8%. Oil prices advanced due to persistent doubts regarding when conflicts with Iran will allow crude flow freely again. These market movements occurred amid renewed concerns over hostilities in the Middle East and potential disruptions to regional shipping routes.