Global markets are on edge ahead of upcoming inflation data in the United States, and this anticipation is intensifying concerns about the maintenance of high-interest rates in the long term. As a result of this uncertainty, Asian stocks have suffered losses, while oil prices continue to rise, adding to anxieties.
Concerns about persistent inflation have also spread to Europe. The European Central Bank forecasts that inflation in the eurozone will remain above 3% next year. In response, futures on European stocks and prices for German bonds are declining, while the euro’s exchange rate remains stable.
The cost of West Texas Intermediate oil continues to rise, reaching above $92 per barrel, thanks to a reduction in production agreed upon by OPEC+ leaders.
Against this backdrop of instability, futures for American stocks are declining after a drop in technology companies, including Apple, and the yield on two-year Treasury bonds remains high, underscoring investors’ concerns about rising interest rates.
In anticipation of consumer price index data, the dollar remains stable, while the yen weakens.
