Global shares slip as Brent rises 2.77% to US$106.94 and markets await Trump-Xi White House talks

AI Market Summary
Global equities are softer as oil extends gains amid fears the Iran conflict will keep Middle East supply constrained. Brent's jump intensifies inflation risks just after the Fed's first hike in three years, with officials signaling more tightening may be needed, pressuring risk assets and supporting the dollar. Markets are also braced for Trump–Xi talks, but expectations for concrete outcomes appear limited, adding to uncertainty.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT+3.45%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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Global stocks were mostly lower, with U.S. futures pointing to a weaker open. Brent crude rose 2.77% to US$106.94 a barrel and WTI gained 2.35% to US$94.33 as investors worried the war with Iran could keep Middle East oil supplies constrained for a long time. With inflation still high, the Federal Reserve raised rates last week and officials signaled more increases may be needed. The euro was flat at US$1.1388.