WS #12022
Oil prices surge over 2% in Asia after Monday's 9.6% jump; Nasdaq falls 1.55% on tech selloff; bond traders increase bets on July Fed rate hike; Singapore economy slows due to Middle East tensions. Bond traders ramp up bets for July rate hike ahead of CPI data and Fed Chair Warsh testimony; market prices in October rate hike as likely.
Oil Price Surge and Market Impact
Oil prices surge over 2% in Asia after Monday's 9.6% jump; Nasdaq falls 1.55% on tech selloff; bond traders increase bets on July Fed rate hike; Singapore economy slows due to Middle East tensions.
Bond traders ramp up bets for July rate hike ahead of CPI data and Fed Chair Warsh testimony; market prices in October rate hike as likely.