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Wall Street Futures Decline as Rising Oil Prices Spark Inflation Fears
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Moneycontrol•28-09-2026, 17:54
Wall Street Futures Decline as Rising Oil Prices Spark Inflation Fears
- •Wall Street futures fell up to 1% on Monday, signaling a weak start for US equities due to rising oil prices.
- •Oil prices surged, pushing Brent crude above USD 108 a barrel, amid fading hopes for a breakthrough in the Iran war and Tehran's refusal to compromise on the Strait of Hormuz.
- •Treasuries declined across the curve, with the five-year yield rising to 5.06%, as traders increased bets on US interest-rate hikes.
- •Asian markets like South Korea's KOSPI, Japan's Nikkei 225, and Shanghai's SSE Composite closed lower, while Hong Kong's Hang Seng settled higher.
- •Indian domestic stock markets tumbled, with the Sensex plunging 1,124 points and the Nifty closing below 22,800, driven by surging crude oil prices, geopolitical uncertainties, and weak global trends.
Key Questions Answered
Wall Street futures declined up to 1 percent as rising oil prices renewed concerns over inflation. Fading hopes for an imminent breakthrough in the Iran war and Tehran's refusal to reopen the Strait of Hormuz pushed Brent crude above USD 108 a barrel.
Indian stock markets tumbled significantly, with the benchmark Sensex plunging 1,124.02 points to close at a six-month low of 72,771.72. The Nifty dropped 360.25 points to end below 22,800 at 22,780.25 amid broad-based selling.
Treasuries fell across the curve as traders increased their bets on US interest-rate hikes. Specifically, the five-year yield rose by seven basis points to reach 5.06 percent.
