Global Stocks Drop to One-Week Low, Oil Advances: Markets Wrap
Asian bond markets are expected to decline as rising oil prices, driven by the U.S.-Iran standoff, fuel inflation concerns and expectations of further Federal Reserve interest rate hikes.
Global equities fell to a one-week low as surging oil prices and mounting bets on further Federal Reserve interest-rate hikes drove Treasury yields to multi-year highs. Oil advanced.
READ NEXT
More on the wire
AI TLDR
Tennessee Governor Bill Lee has denied a clemency request for Christa Pike, the state's only woman on death row. Pike expressed that she is at peace regarding her upcoming execution.
AI TLDR
Brooklyn Democratic Party chair Rodneyse Bichotte Hermelyn announced she will not seek another term. The decision follows internal party conflict regarding leadership rules and the influence of the party's socialist wing.
AI TLDR
Dennis Haskins, known for his role as the principal on the sitcom Saved by the Bell, has died at age 75.