{
  "id": 426346,
  "title": "Asia stocks edge higher, oil up amid Gulf confusion",
  "url": "https://urgent.news/2026/08/10/asia-stocks-edge-higher-oil-up-amid-gulf-confusion-426346",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T00:48:43.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1507843/asia-stocks-edge-higher-oil-amid-gulf-confusion"
  },
  "original_language": "en",
  "account": "Asian stock markets inched upward on Monday, mirroring gains on Wall Street, following a subdued U.S. jobs report that reduced concerns about an imminent increase in borrowing costs, according to the source. However, the lack of progress in Gulf peace negotiations led oil prices to rise marginally. Iran announced on Sunday that a deal with Oman regarding new shipping lanes in the Strait of Hormuz was nearing completion, but reiterated that the waterway would reopen only if the United States met additional conditions. Brent crude oil prices climbed 0.9 percent to $84.32 a barrel, while U.S. crude increased 0.7 percent to $78.74 a barrel. The surge in fuel costs heightens the importance of the U.S. July consumer price report, set for release on Wednesday, where analysts are anticipating a 0.1 percent increase in the headline index and 0.2 percent rise in the core index. Any positive surprise could reignite speculation of a rate hike by the Federal Reserve next month, as Michael Feroli, JPMorgan's chief U.S. economist, explained. Feroli predicts that the current forecast for core Consumer Price Index (CPI) of 0.22 percent might not be compelling enough to trigger a rate increase at the September meeting, although sustained prints near 0.3 percent could prompt such a move. Analysts are particularly watching for a rebound in core goods prices after a two-month decline. U.S. Treasuries benefited from the easing of rate risk and rose on Friday, contributing to a record high for Wall Street. The Nikkei in Japan and the South Korean benchmark both gained 0.6 percent and 0.5 percent respectively on Monday. The MSCI's Asia-Pacific index, excluding Japan, increased 0.3 percent. In Europe, the EUROSTOXX 50 and DAX futures declined by 0.1 percent, while FTSE futures dropped 0.4 percent. S&P 500 futures edged down by 0.1 percent, while Nasdaq futures showed little change after surging 5 percent the previous week due to a wave of robust earnings reports. According to BofA analysts, nearly 90% of S&P 500 results have been disclosed, with earnings per share up 30% year-to-date, excluding gains from Alphabet and Amazon. A 76% earnings per share (EPS) beat rate stands as the highest since 2021. Artificial Intelligence (AI) stands out as the top performer, with median EPS growth of 28% compared to 12% for non-AI-related stocks. However, consensus expectations anticipate AI growth to decelerate to 16% in the upcoming quarter. This week's earnings are comparatively lighter, focusing on companies like Applied Materials, Cisco, and CoreWeave. In bond markets, yields on 10-year Treasuries were marginally higher at 4.673 percent, with the market preparing for a new issuance of $125 billion this week. The decrease in yields and overall improvement in risk has led to a general decline in the U.S. dollar, with the euro nearing a seven-week high of $1.1557. The dollar remains stable against the yen at 157.85, as investors remain cautious about potential yen intervention if the currency depreciates further. In commodity markets, gold prices held steady at $4,342 an ounce, having surged over 7 percent last week.",
  "summary": "SYDNEY: Asian share markets tracked Wall Street higher on Monday after a soft US jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Asia stocks edge higher, oil up amid Gulf confusion",
        "url": "https://urgent.news/2026/08/10/asia-stocks-edge-higher-oil-up-amid-gulf-confusion-423686",
        "published": "2026-08-10T00:25:00.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Global Market Today: Asia stocks edge higher, oil up amid Gulf confusion",
        "url": "https://urgent.news/2026/08/10/global-market-today-asia-stocks-edge-higher-oil-up-amid-gulf-confusion",
        "published": "2026-08-10T00:42:58.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Asian stocks edge higher, oil up amid Gulf confusion",
        "url": "https://urgent.news/2026/08/10/asian-stocks-edge-higher-oil-up-amid-gulf-confusion",
        "published": "2026-08-10T01:12:25.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Asia stocks edge higher, oil up amid Gulf confusion",
        "url": "https://urgent.news/2026/08/10/asia-stocks-edge-higher-oil-up-amid-gulf-confusion-430122",
        "published": "2026-08-10T01:45:00.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Asia stocks edge higher, oil up amid Gulf confusion",
        "url": "https://urgent.news/2026/08/10/asia-stocks-edge-higher-oil-up-amid-gulf-confusion-433592",
        "published": "2026-08-10T02:48:34.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Asia stocks gain, oil up amid Gulf confusion",
        "url": "https://urgent.news/2026/08/10/asia-stocks-gain-oil-up-amid-gulf-confusion",
        "published": "2026-08-10T03:12:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}