Wednesday, August 10, 2022

Oil slides more than 2%, Japan stocks down 1% after Wall Street sell-off

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Stock picks and investing trends from CNBC Pro:

On the economic data front, Singapore is set to report consumer price inflation.

Chinese telecommunications company ZTE and South Korea’s Hyundai Motor will report earnings on Monday.

Oil down 2%

U.S. crude futures declined 2.4% on Monday to trade at $99.62 per barrel. International benchmark Brent crude futures slipped 2.38% to $104.11 per barrel.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 101.154.

The Japanese yen weakened and was last trading at 128.74 per dollar. It crossed the 129 level last week before strengthening slightly. The Australian dollar was at $0.7207, down slightly from last week.



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