Views are spreading that renewed oil price gains will increase pressure on the European Central Bank to raise rates, putting oil back in the spotlight in global markets. Reuters reported this.
Global crude oil prices have risen again, affecting interest-rate trends in bond markets. Market attention is focused on corporate news from Alphabet, Intel and Tesla, which are due to report earnings this week, while share prices are falling despite TSMC's upbeat outlook.
In regional markets, South Korea's market was swayed by semiconductor stocks, with volatility rising among retail investors. Japan's market was closed, while Nasdaq and S&P 500 futures in the United States pointed higher.
The dollar rose against the backdrop of worsening conditions in the Middle East and higher oil prices, with dollar-yen advancing to ¥162.48. Markets are on alert over the impact of Federal Reserve policy and geopolitical risks.
Growing concerns about AI pushed down US stocks and semiconductor shares, while rising short-term bond yields sent ripples through markets. With the European Central Bank's 23 July meeting approaching, the rebound in oil prices has brought the outlook for interest-rate hikes back into focus.