Stocks retreat and oil tops $100 despite fresh records on Wall St
Shares retreated in Europe and Asia on Thursday after an initial jump, while oil prices climbed above $100 a barrel as investors reacted to shaky prospects for talks on ending the war with Iran. U.S. futures fell back after indexes on Wall Street rallied to records a day earlier, helped by strong corporate earnings.
Shares in Europe and Asia retreated on Thursday after an initial jump. Japan's Nikkei 225 index briefly surpassed 60,000 for the first time. Oil prices climbed above $100 a barrel due to uncertainty over ending the war with Iran. U.S. futures fell after Wall Street indexes set records the previous day, driven by strong corporate earnings. Germany's DAX lost 0.5%, while Britain's FTSE 100 dropped 0.8%. The S&P 500 future lost 0.5%. South Korea's Kospi rose 0.9% after the government reported 1.7% annual economic growth. Brent crude rose to $103.72 per barrel. U.S. President Donald Trump extended a ceasefire, but Iran fired on ships in the Strait of Hormuz, dimming hopes for peace talks.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.