Asian stocks climb as Middle East mediation eases oil prices | News. az
Asian stock markets advanced on Tuesday after mediation efforts in the Middle East pushed oil prices lower from a one-month high, while investors prepared for a series of major corporate earnings reports. . .
Asian stock markets advanced on Tuesday after mediation efforts in the Middle East pushed oil prices lower from a one-month high, while investors prepared for a series of major corporate earnings reports expected to test confidence in the artificial intelligence-driven market rally,News. Azreports, citingReuters. The Iran-aligned Houthi movement in Yemen announced plans to impose anaval blockadeon Saudi Arabia amid ongoing attacks between the United States and Iran, raising the risk of further disruptions to global energy supplies despite diplomatic efforts to restore a fragile ceasefire. Brent crude futures fell 0. 38% to $88. 88 per barrel in early Tuesday trading as investors responded to hopes of a diplomatic breakthrough. The global benchmark had climbed to $91. 42 per barrel in the previous session, its highest level since mid-June. RECOMMENDED STORIESASEAN starts Manila talks focused on security, regional unityEight Palestinian journalists killed in first half of 2026India urges citizens to postpone travel to IranRyanair profit drops as Middle East war drives up fuel costsA senior Iranian official told Reuters on Monday that Tehran had received a proposal from international mediators for a 10-day ceasefire, aimed at creating conditions for a lasting agreement to end the conflict that began on February 28 with U. S. -Israeli attacks on Iran. In equity markets, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0. 25% after declining for three consecutive sessions. Japan’s Nikkei index gained more than 1%, while South Korea’s KOSPI advanced nearly 3%. U. S. stock futures edged higher in early trading, while European futures slipped 0. 6%. Global equity markets, particularly semiconductor stocks, have experienced sharp volatility in recent weeks as investors question elevated valuations, the pace of earnings growth and whether massive investments in AI infrastructure will generate the expected returns. Market attention this week is focused on earnings reports from Alphabet, Intel and other major companies, which are expected to provide insight into the impact of the conflict in the Middle East and whether the AI-driven rally can continue amid exceptionally high profit expectations for the second quarter. The escalation in U. S. -Iran tensions has also revived inflation concerns and pushed U. S. Treasury yields higher. The yield on the two-year Treasury note, which closely tracks expectations for Federal Reserve interest rates, stood at 4. 206% during Asian trading after rising four basis points on Monday. Traders are currently pricing in 33 basis points of interest rate increases this year, with a rate hike fully expected by October. The U. S. dollar remained steady against most major currencies, supported by safe-haven demand. The euro traded at $1. 14145, while the Japanese yen stood at 162. 51 per dollar, keeping investors alert for possible intervention by Japanese authorities. News. AzBy Nijat Babayev