Stocks lose ground, oil extends gains amid Middle East tension
Repeats, capitalising GLOBAL in headline
By Iain Withers, Chibuike Oguh
NEW YORK/LONDON, Oct 3 (Reuters) -Global stocks fell on Thursday, weighed down by tepid trading in equity markets across the U.S. and other major regions, even as oil prices extended gains amid rising geopolitical tension fromthe Middle East conflict.
Wall Street's main indexes pared early gains and were trading slightly down. Data released on Thursday showed rising U.S. jobless claims, indicating labor market softness, but strong service sector activity.
The Dow Jones Industrial Average .DJI fell 0.50% to 41,987.51, the S&P 500 .SPX fell 0.30% to 5,692.36 and the Nasdaq Composite .IXIC fell 0.21% to 17,887.08.
European stocks werelast down 0.92%.STOXX, as investors digested weak business activity survey data from the bloc.MSCI's gauge of stocks across the globe .MIWD00000PUS fell 0.44% to 841.78.
Asia-Pacific shares outside Japan .MIAPJ0000PUS had earlier shed 1% overnight, largely driven by Hong Kong stocks .HSI sagging after a sizzling rally, with several markets, including mainland China and South Korea, closed for the day.
Japan's Nikkei .N225 bucked the trend, up 2% after the country's newly elected prime minister Shigeru Ishiba said it was not the time to raise rates after meeting central bank governor Kazuo Ueda. Bank of Japan board member Asahi Noguchi later said rates would increase cautiously and slowly.
Geopolitical tensions loomed large, after Israel bombed Beirut early on Thursday, following a year of clashes with Iran-backed Hezbollah.
Oil prices gained on Thursday as concerns grew that the conflict could disrupt crude oil flows from the key exporting region, overshadowing a stronger global supply outlook. O/R
Brent and U.S. crude futures gained nearly 4% each to $76.76 and $73.08,respectively. LCOc1, CLc1
"Oil's had a good week. But in context, you're looking at kind of low 70s versus summer levels in the 80s. So I don't think there's a signal from the market to say, brace yourself for major escalation... But it's a volatile situation," said Eren Osman, managing director of wealth management at Arbuthnot Latham.
Gold prices fell as the U.S. dollar strengthened against major curries. Spotgold dipped 0.34%on the day to $2,648.72,but remained near a record high. XAU=
In currencies, the US dollar index gained 0.3%to 101.95. =USD. The euro was slightly down at $1.102575 EUR=EBS, and not far from Wednesday's low of $1.10325, a level last seen on Sept. 12.
Sterling GBP=D3 fell 1.1% to $1.31095after Bank of England Governor Andrew Bailey told the Guardian newspaper that the central bank could become a "bit more aggressive" on rate cuts if inflation continued to ease. Against the Japanese yen <JPY=EBS>,the dollar strengthened 0.14% to 146.7.
Treasury yields rose after the jobless claims data and service sector report. Two-year Treasury yields US2YT=RR were last at 3.6765% on Thursday, while benchmark 10-year yields US10YT=RR were at 3.821%.
Markets imply a nearly 34% chance the Fed will cut interest rates by another 50 basis points in November, compared with almost 60% last week, and have around 70 basis points of easing priced in by year-end. FEDWATCH
text_section_type="notes">To read Reuters Markets and Finance news, click on https://www.reuters.com/finance/markets
Reporting by Iain Withers in London and Chibuike Oguh in New York
Editing by Peter Graff
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
