US stock markets rebound! Dow Jones up nearly 300 points; war drives oil prices higher, dollar strengthens.

Dow Jones recovers nearly 300 points! US stocks halt their three-day fall, oil surges above $91, Middle East conflict puts pressure on inflation.

Global financial markets began to recover on Wednesday after U.S. stock markets halted their third consecutive day of declines. Oil prices also rose amid tensions between the U.S. and Iran. However, investors remain concerned about inflation risks and the direction of interest rates, following the rise in the 10-year U.S. Treasury yield to its highest level since November 2023.

US stock markets recover! Dow Jones gains nearly 300 points, ending a three-day decline.

U.S. stock markets closed higher on Wednesday (September 2, 2026), with all three major indices recovering and ending a three-day losing streak as investors eased some concerns, even though U.S. bond yields remained high amid tensions between the U.S. and Iran.

• The Dow Jones Industrial Average closed at 53,061.95 points, up 295.07 points or +0.56%.
• The S&P500 index closed at 7,666.60 points, up 35.13 points or +0.46%.
• The Nasdaq index closed at 26,217.83 points, up 118.05 points or +0.45%.

On Wednesday night, futures trades were nearly flat, with S&P 500 Futures up 0.02%, Dow Futures up 19 points or 0.04%, and Nasdaq 100 Futures up 0.03%.

Investors are also watching U.S. economic data, particularly the August non-farm payroll report to be released on Friday. Meanwhile, ADP private sector employment data showed that the U.S. private sector added 38,000 jobs in August, lower than economists' expectations of 47,000.

European stock markets are watching the Middle East conflict and inflation after bond yields surged.

European stock markets also faced pressure from tensions in the Middle East after the US and Iran resumed their military exchange. Meanwhile, rising energy prices and higher global government bond yields led investors to assess the risk of persistent inflation, potentially forcing central banks to tighten monetary policies.

• The STOXX 600 index closed at 645.91 points, down 1.55 points or -0.24%.
• The French stock market CAC-40 index closed at 8,280.63, down 21.22, or -0.26%.
• The German stock market DAX index closed at 25,839.33, down 130.78 points, or -0.50%.

The UK stock market is watching the direction of interest rates closely, as rising energy prices put increased inflationary pressure.

The UK stock market was also pressured by uncertainty in global financial markets, following a rise in oil prices due to the conflict between the US and Iran, while global bond yields rose amid concerns about inflation and interest rate prospects.

Investors are also assessing the monetary policy direction of major central banks, after markets increased expectations that interest rates may remain high for longer to control price pressures.

• The FTSE 100 Index closed at 10,756.45 points, down 32.83 points or -0.30%.

Oil prices surged! Brent hit $95.63 and WTI closed above $91 following clashes between the US and Iran.

Global oil prices rose on Wednesday after the United States and Iran resumed their military exchange, reigniting investor concerns about the risk of disruptions to oil shipments through the Strait of Hormuz.

• Brent crude oil prices closed at $95.63 per barrel, up approximately 1%.
• WTI crude oil prices closed at $91.01 per barrel, up nearly 1%.

The United States said it had attacked targets of Iran's Islamic Revolutionary Guard Corps, while Iranian Revolutionary Guard Corps retaliated by attacking US bases in Jordan, Kuwait, Bahrain, Iraq, and the United Arab Emirates.

Data from the United States indicates that more than 17 million barrels of oil were transported through the Strait of Hormuz on Monday, the highest level since the war began in late February. Before the war, approximately 20 million barrels of crude oil and oil products flowed through the strait daily.

Gold prices are under pressure! Yields are rising and the dollar is strengthening as investors watch the direction of the Fed's interest rates.

Gold prices continue to face pressure from high U.S. bond yields and a strengthening dollar, with the 10-year U.S. Treasury yield soaring to 4.818%, its highest level since November 2566.

Meanwhile, the yield on 2-year U.S. Treasury bonds reached 4.41%, its highest level since January 2568, while the yield on 30-year bonds stood at 5.259%.

Pressure from yields and a stronger dollar is increasing the opportunity cost of holding gold, as investors increasingly watch for potential interest rate hikes from the U.S. Federal Reserve.

Data from CME FedWatch indicates that the market forecasts a 68% chance that the Fed will raise interest rates in September, up from approximately 40% last week.

The dollar strengthened to a two-week high as investors watched for a potential trade war and the direction of interest rates.

The dollar strengthened on Wednesday, reaching a two-week high, as investors sought to hold onto the currency amid concerns about the economic impact of soaring energy prices and assessments of the interest rate outlook of major central banks.

• The Dollar Index rose 0.20% to 99.865, its highest level since August 17.
• The euro weakened 0.16% against the dollar, settling at $1.1575 after falling to $1.1566, its lowest level since August 20.
• The yen strengthened, with the dollar/yen falling to 158.81 yen, as markets awaited the direction of the Bank of Japan's (BOJ) monetary policy.

Investors are also assessing the divergence in monetary policy directions, with the market forecasting a 68% chance that the Fed will raise interest rates in September. Meanwhile, investors are closely watching US employment and inflation data, which will play a key role in future monetary policy decisions.

refer : www.cnbc.com

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