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Tech stocks fall after earnings and Brent crude tops $111

FinanceInternationalXTB.com35 s readAI summary
Image: XTB.com

Markets posted broad declines after a disappointing start to the US tech earnings season and a sharp rise in oil prices amid escalating Middle East tensions. Brent rose 2.5% and topped $111 per barrel, its highest level since May. Capital moved into bonds and into the Swiss franc and the yen, while gold fell 1.3% and Bitcoin dropped about 3%.

In 35 seconds

  • Brent rose 2.5% and topped $111 per barrel, its highest since May, after attacks on infrastructure in Saudi Arabia.
  • Lam Research fell almost 8% in pre-market trading on an adjusted profit outlook below expectations.
  • The yield on the 10-year US Treasury fell about 9 basis points to near 5.04%.
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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