Premarket: Stocks retreat and oil tops $100 despite fresh records on Wall Street

European and Asian equities retreated after an early jump that sent Japan’s Nikkei 225 above 60,000 for the first time. Oil prices rose above US$100 a barrel as investors priced in increased geopolitical risk and weaker prospects for further talks to end the war with Iran. The move reflects a broader risk-off tone across global markets.

Analysis

European and Asian equities retreated after an early jump that sent Japan’s Nikkei 225 above 60,000 for the first time. Oil prices rose above US$100 a barrel as investors priced in increased geopolitical risk and weaker prospects for further talks to end the war with Iran. The move reflects a broader risk-off tone across global markets.