12:36 - 11.08.2026

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August 11, Fineko/abc.az. Rising oil prices triggered volatility on Wall Street on Monday while driving US Treasury yields higher. Along with declines across most S&P 500 stocks, the Nasdaq 100 dropped by 0.3%.

Stalled talks over reopening the Strait of Hormuz sent Brent crude higher, reviving fears that high energy costs could compel the Federal Reserve to raise interest rates despite labor market weakness. Investors also remain cautious ahead of upcoming US CPI inflation data.

Key Market Highlights:

• Gold: Rose past $4,400 per ounce, reaching a two-month high.

• Bonds: US 10-year Treasury yields increased by 6 basis points to 4.71%, dragging down bond prices in Australia and New Zealand.

• Equities: Nvidia shares slid following news of a $500 billion AI financing package being structured with Wall Street giants, while the MSCI Asia Pacific index gained 0.5%.