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00:02World stocks were cautious Monday, as renewed fighting between the U.S. and Iran pushed oil
00:07prices higher and increased expectations for interest rate hikes, according to Reuters.
00:13Oil prices jumped 2%, fueling inflation concerns and expectations that major central banks could
00:19raise interest rates following Fed Chairman Kevin Warsh's hawkish Jackson Hole speech.
00:24Japan's two-year government bond yield hit a 31-year high, while Germany's two-year
00:29yield reached its highest level since July 2024.
00:33President Trump said Iran's Karg Island oil terminal was being attacked without military
00:38confirmation, while markets raised the odds of a September Fed rate hike to 57% and pushed
00:44short-term Treasury yields higher.
00:46European stocks edged lower, U.S. futures were flat to slightly weaker, and Japan's Nikkei
00:52slipped 0.1%.
00:54Investors are now watching Friday's U.S. payrolls report and September 11th inflation
00:58data for clues on the Fed's next move.
01:00For all things money, visit Benzinga.com.
