Dow Jones Top Markets Headlines at 3 AM ET: Oil Prices Rise After Fresh U.S. Attacks in the Middle East | China's ...

Oil prices rose after fresh U.S. attacks in the Middle East, lifting crude and feeding concerns about higher inflation. In Asia-Pacific, government bonds fell in price terms as the move in oil strengthened expectations that policy may need to stay tight. China’s factory-gate inflation accelerated in June while consumer inflation eased, pointing to continued weakness in domestic demand even as Middle East-related effects ripple through the economy. German exports rose 0.9%, supported by U.S. trade, as manufacturers showed resilience despite uncertainty tied to the Iran conflict. The market also weighed expectations around President Donald Trump’s stance that a Middle East cease-fire is over, with Wall Street anticipating greater strain for airlines and home builders than benefits for oil firms. U.S. crude inventories unexpectedly increased by 3 million barrels for the first time in 11 weeks. The IMF trimmed its growth forecast slightly but removed its warning of a prolonged-war-driven recession.