{
  "id": 433592,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T02:48:34.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40434078/asia-stocks-edge-higher-oil-up-amid-gulf-confusion"
  },
  "original_language": "en",
  "account": "Asian stock markets followed Wall Street's gains on Monday, buoyed by a weaker-than-expected U.S. jobs report that diminished the likelihood of an imminent increase in interest rates. However, the lack of progress in Gulf peace negotiations contributed to a slight upward trend in oil prices. Iran announced on Sunday that a deal with Oman to establish new shipping lanes in the Strait of Hormuz was nearing completion, but reiterated that the waterway would reopen only if the United States addressed additional conditions. Brent crude oil futures rose 0.9% to $84.32 per barrel, while U.S. crude gained 0.7% to $78.74 per barrel. With only a trickle of shipping through the crucial waterway, this price surge amplifies the significance of the upcoming U.S. July consumer price report on Wednesday, where analysts anticipate a 0.1% increase in the headline and 0.2% in the core. A surprise rise could reignite speculation about a Federal Reserve rate hike in September. Michael Feroli, JPMorgan's chief U.S. economist, believes the current forecast for core CPI at 0.22% is not robust enough to trigger a rate increase at the September meeting, but repeated readings near 0.3% could alter that. Analysts are monitoring for a rebound in core goods prices after a two-month period of decline. The futures market has revised the probability of a September rate hike downward to around 44%, from 67% a week prior. The reduced rate risk benefitted Treasury securities, which rallied on Friday and propelled U.S. equities to record highs. Japan's Nikkei and South Korea's Kospi both rose 0.6% and 0.5% respectively on Monday, mirroring the strength of Wall Street. MSCI's broader Asia-Pacific index excluding Japan gained 0.3%. In Europe, EUROSTOXX 50 and DAX futures declined 0.1%, while FTSE futures slipped 0.4%. S&P 500 futures edged down 0.1%, while Nasdaq futures remained flat after a 5% increase the previous week driven by strong earnings reports. According to Bank of America analysts, S&P 500 earnings per share have surged 30% year-to-date, excluding gains from Alphabet and Amazon, with a 76% earnings per share beat rate, the highest since 2021. Artificial intelligence stands out as a key growth driver, with median EPS growth at 28% for AI-related stocks versus 12% for other companies, though analysts anticipate this rate will slow to 16% next quarter. Despite lighter-than-expected earnings this week, notable companies included Applied Materials, Cisco, and CoreWeave. In the bond market, yields on 10-year Treasuries ticked up marginally to 4.673%, as new issuance of $125 billion was anticipated this week. The decline in yields and overall market improvement led to a broad dollar decline, with the euro nearing a seven-week high at $1.1557. The U.S. dollar held steady against the Japanese yen at 157.85, as investors remained cautious about potential Japanese intervention if the yen depreciated too far. Gold, unaffected by interest rates, remained at $4,342 per ounce, having risen more than 7% over the past 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. Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but reiterated that the waterway would only reopen once…",
  "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": "New Straits Times",
        "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",
        "published": "2026-08-10T00:48:43.000Z"
      },
      {
        "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": "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."
}