Shares Unsettled as Oil Climbs and AI Earnings Loom
Global shares slipped on Monday as escalating Gulf conflict drove oil prices above $90 a barrel, reviving inflation fears and shifting expectations toward earlier Federal Reserve rate hikes. Brent crude rose 2.4% to $90.18, while U.S. crude gained 2.1% to $84.18. The U.S. military conducted a ninth straight day of attacks against Iran, and Tehran struck targets across the region, disrupting Strait of Hormuz transits. Analysts warned oil could rise to $150/barrel if the strait remains closed. Meanwhile, investors are questioning sky-high valuations for AI and chip stocks after the Philadelphia Semiconductor Index fell 20% from its June record. A packed week of tech earnings includes Alphabet, Intel, and Tesla, with BofA forecasting 28% growth. Chinese AI firm Moonshot announced a new model approaching U.S. giant Anthropic's performance, adding competitive pressure. The European Central Bank meets Thursday and is expected to hold rates at 2.25%.
Editorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page itself is projected from evidence records.
- Current automated evidence projection