Brent Tops $100, Dragging US Stocks and Treasuries Lower as Rate Bets Rise
Updated
Updated · Bloomberg · Sep 9
Brent Tops $100, Dragging US Stocks and Treasuries Lower as Rate Bets Rise
3 articles · Updated · Bloomberg · Sep 9
Summary
$100 Brent crude pushed past the key threshold, sending US stocks and Treasuries lower as investors refocused on inflation risk.
Higher oil prices drove traders to increase bets on further global interest-rate rises, pressuring both equities and government bonds.
S&P 500 futures fell 0.4% and Nasdaq 100 futures dropped 0.6%, giving up earlier gains that had tracked an initial rally in Asian tech shares.
Europe also weakened, with the Stoxx 600 down 1.5% as economically sensitive sectors led the decline, underscoring the broader growth-and-inflation squeeze.