![Stocks fall on rates outlook; oil rises on attack](https://www.berlinertageblatt.de/media/shared/articles/15/38/f4/Stocks-fall-on-rates-outlook--oil-r-188194.jpg)
-
Trump offers tech sector policy flips ahead of election
-
Spacecraft to swing by Earth, Moon on path to Jupiter
-
What's the fallout of Mexican drug lords' capture?
-
Video game makers see actors as AI 'data,' says union on strike
-
Chinese qualifier Shang to face Thompson in ATP Atlanta semis
-
Concern grows as Venezuela blocks election observers
-
'Massive attack' on French rail threatens more chaos
-
'We did it!': France breathes sigh of relief after Olympics ceremony
-
Blinken, in Laos, set for talks with Chinese foreign minister
-
Regional concern grows as Venezuela blocks vote observers
-
Historic river parade, Dion show-stopper ignite Paris Olympics
-
Rainy Paris Olympic parade dampens many spectators' spirits
-
G20 pledges to work together to tax ultra-rich
-
The one of a kind Paris opening ceremony: five memorable moments
-
Justin Timberlake seeks to dismiss DUI case
-
Warner Brothers Discovery sues NBA over Amazon rights deal
-
Kobe Bryant locker, Maradona jersey up for auction in New York
-
Historic river parade launches Paris Olympics
-
Stocks rise as US inflation data boosts rate cut hopes
-
New York family of Holocaust victim reclaims Nazi-looted art
-
NASA Mars rover captures rock that could hold fossilized microbes
-
Thousands evacuate season's biggest wildfire in northern California
-
Sinaloa Cartel co-founder pleads not guilty after stunning US capture
-
Ethiopia mourns victims of landslide tragedy
-
Lady Gaga adds sparkle to star-studded Olympic show
-
Airbus and Boeing supremacy secure despite turbulence
-
Teams sail down Seine in rain-soaked Olympics opening ceremony
-
Norris hoping for more after topping Belgian practice times
-
West Indies' treble strike rocks England in third Test
-
Trump slams rivals as he meets Netanyahu in Florida
-
Olympic opening ceremony under way on River Seine
-
Mott's England future uncertain as ECB chief fails to offer support
-
Trump meets Israeli PM Netanyahu in Florida
-
S.African police say 95 Libyans detained at suspected military camp
-
Blinken set for talks with Chinese counterpart in Laos
-
Norris heads Piastri in McLaren one-two at Belgian GP practice
-
G20 seeks common ground on taxing super-rich
-
European medicines watchdog rejects new Alzheimer's drug
-
Harris gets vital Obama backing in battle against Trump
-
Habib, Ebden eye Alcaraz and Djokovic shocks at Olympics tennis
-
Stocks rise as inflation data boosts rate cut hopes
-
Long queues, ticketing problems ahead of Paris opening ceremony
-
Two Sinaloa Cartel leaders face US charges after stunning capture
-
Spain train driver jailed for 2.5 years over deadly 2013 crash
-
Paris poised for Olympic opening ceremony spectacular
-
Judoka fails doping test in first case at Paris Olympics
-
Holder and Da Silva keep England at bay after West Indies collapse
-
Alpine F1 boss Bruno Famin to leave in August
-
Ethiopia declares three days of mourning after landslide tragedy
-
Brazilian dunes dotted with dazzling pools make UNESCO heritage list
![Stocks fall on rates outlook; oil rises on attack](https://www.berlinertageblatt.de/media/shared/articles/15/38/f4/Stocks-fall-on-rates-outlook--oil-r-188194.jpg)
Stocks fall on rates outlook; oil rises on attack
Asian and European stock markets slid Wednesday on worries over the global interest-rate outlook, while oil extended gains after an attack on a ship in the Red Sea stoked worries about crude supplies.
With crucial inflation data in the eurozone and the United States at the end of the week, investors are largely playing a waiting game with many inclined to sell after a recent run-up.
A forecast-beating read on US consumer confidence in the world's top economy dented hopes that the Federal Reserve will have room to cut borrowing costs this year, while the mood was also soured by a weak Treasury sale that saw yields push higher.
"European markets followed the global risk-off sentiment on Wednesday, sliding lower as investors' hopes of rate cuts in Europe and the United States were undermined," said ActivTrades analyst Ricardo Evangelista.
In more gloom, US central bank official Neel Kashkari warned that decision-makers had not ruled out a possible hike if they continue to struggle to bring prices down to their two percent target.
"Kashkari's latest comment about a lingering restrictive stance, stating that additional rate hikes haven't been completely ruled out, has significantly dented investors' risk appetite," added Evangelista.
Wall Street ended mixed Tuesday on their first day after a long holiday weekend, with sentiment clouded by the government bond sale and the Conference Board gauge of May consumer confidence.
Minneapolis Fed chief Kashkari said that while monetary policy remained tight -- rates are at two-decade highs -- "I don't think anybody has totally taken rate increases off the table".
"I think the odds of us raising rates are quite low, but I don't want to take anything off the table."
His comments come after several other Fed officials said they were cautious about cutting too soon and wanted to see more data proving inflation was coming back down to two percent.
"I can tell you this, it certainly won't be more than two cuts," he warned.
Investors are now pricing in one cut before the year-end, compared with as many as six tipped in January.
Focus now turns to Friday's US personal consumption expenditures (PCE) index -- the Fed's preferred gauge of inflation.
On the same day, eurozone inflation data for May will be published and a further cooling would reaffirm expectations of a June rate reduction from the European Central Bank.
In commodities on Wednesday, oil prices rose further on geopolitical concerns after a bulk carrier was attacked in the Red Sea, a key waterway for shipping and particularly crude.
The strike comes amid heightened concerns about tensions in the region and as Israeli forces continue a ground invasion of Rafah in southern Gaza.
Also on traders' minds is the upcoming meeting of OPEC and other key oil producers that is expected to see them rollover output cuts.
- Key figures around 1030 GMT -
London - FTSE 100: DOWN 0.3 percent at 8,229.05 points
Paris - CAC 40: DOWN 0.9 percent at 7,983.10
Frankfurt - DAX: DOWN 0.6 percent at 18,563.93
EURO STOXX 50: DOWN 0.7 percent at 4,994.32
Tokyo - Nikkei 225: DOWN 0.8 percent at 38,556.87 (close)
Hong Kong - Hang Seng Index: DOWN 1.8 percent at 18,477.01 (close)
Shanghai - Composite: UP 0.1 percent at 3,111.02 (close)
New York - Dow: DOWN 0.6 percent at 38,852.86 (close)
Dollar/yen: UP at 157.24 from 157.14 yen on Tuesday
Euro/dollar: DOWN at $1.0843 from $1.0862
Pound/dollar: DOWN at $1.2752 from $1.2763
Euro/pound: DOWN at 85.04 from 85.09 pence
West Texas Intermediate: UP 0.8 percent at $80.50 per barrel
Brent North Sea Crude: UP 0.8 percent at $84.86 per barrel
L.Dubois--BTB