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Market move▼ Bearish for Oil India
Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
The brief
- Asian shares fell ahead of US jobs data, with Treasury yields swinging and the dollar gaining
- Oil prices stayed elevated amid a widening military buildup
- Higher yields and elevated crude may pressure Indian equities and raise costs for oil-sensitive sectors
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Asian markets weigh oil and US economic risks
Asian stocks fell amid elevated oil prices linked to military tensions and stalled US-Iran peace talks. Investors also weighed swings in bonds and currencies ahead of US jobs data, while softer US inflation reduced bets on a rate hike.
Friday, 2 October
- Asian shares fall as US jobs data looms after Treasury yield hits 24-year high