Arkéa AM flags oil above $95 as Middle East tensions pressure markets
SPY•Equities diverge as rate fears weigh
Equities diverged; EuroStoxx 50 fell 1.43%, while the Nasdaq 100 gained 0.38% as tech helped offset higher-rate fears.
Middle East tensions lift crude prices
Middle East escalation lifted Brent above USD 95, up 5% on the week; WTI rose to USD 91, up 9.69%.
Geopolitical risk, oil and yields seen as headwinds
Arkea Asset Management flagged geopolitical risk, surging oil, and rising bond yields as key market headwinds in its Sept. 8 report.
US and euro zone data keep policy expectations in focus
US data stayed resilient; August payrolls hit 162,000, unemployment held at 4.1%, keeping Sept. 16 Fed expectations in play.
Euro zone inflation accelerated to 3.3% in August, boosting the case for a 25-basis-point ECB hike on Sept. 10.
