BaynWallstreet

(Bloomberg) — South Korean President Lee Jae Myung called for the quick launch of a cap on fuel prices as the government moves to contain a spike in energy costs triggered by escalating conflict in the Middle East.  Read More

(Bloomberg) — A gauge of fear in Japanese stock markets has surged to the highest level since the Covid crisis in 2020 as a sharp spike in oil prices dampens optimism about the country’s economic outlook and corporate earnings. Read More

(Bloomberg) — Bitcoin fell to its lowest price in a week during early Asia trading, as oil prices surged due to the escalating war with Iran. Read More

(Bloomberg) — China’s consumer-price growth accelerated to the quickest in over three years and factory deflation moderated again, after a rally in energy markets and as household spending boomed during a later-than-usual Lunar New Year holiday. Read More

(Bloomberg) — The surge in oil prices combined with a sagging yen raises the risk that Japan will slide into stagflation, prompting the government to ramp up fiscal spending while complicating the central bank’s mission to normalize its policy settings. Read More

(Bloomberg) — South Korean equities fell as escalating Middle East tensions and rising oil prices prompted investors to further reduce risk exposure. Read More

(Bloomberg) — The dollar strengthened against all of its major peers as a deepening war in the Middle East pushed oil prices above $100 per barrel and boosted demand for havens.  Read More

(Bloomberg) — Crude oil climbed above $100 a barrel for the first time since 2022 and stocks retreated as escalating hostilities in the Middle East and mounting strain on oil shipping and infrastructure have investors bracing for fresh turbulence. The dollar advanced. Read More

(Bloomberg) — Gold fell, pressured by a stronger US dollar and inflationary risks, as the war in the Middle East extended into a second week and oil surged above $100 a barrel. Read More