Asian stocks mixed as Brent tops $106, Fed hike bets rise

today.line.me (Thai) —

Asian stock markets opened cautiously on Monday as Brent crude oil surged 1.6% to $106 per barrel amid US-Iran uncertainty, while elevated US bond yields weighed on sentiment. Markets are increasing bets on another Federal Reserve interest rate hike. Oil prices have risen about 17% this month after President Donald Trump rejected Iran's offer to reopen the Strait of Hormuz, with talks continuing this week. Refining capacity constraints have pushed diesel prices to record highs, raising inflation concerns. Markets price a 66% chance of a second consecutive Fed rate hike in October. US economic data remains strong, with the Atlanta Fed's GDPNow model projecting 5.0% growth this quarter. The 30-year Treasury yield reached 5.5185%, near its highest since 2004. Investors await key US data this week including September nonfarm payrolls, expected to show 85,000 new jobs.


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