Rolls-Royce is trading 4.1% down at $18.00, with the move coinciding with rising oil prices, elevated Treasury yields and weakness in the defense sector.
- No clear company-specific announcement explaining the decline surfaced in the search.
- Reuters reported Middle East supply concerns pushed Brent above $104 and the 10-year Treasury yield to 5.29% on October 8.
- Reports of Houthi attacks in Riyadh, including at the airport, heightened regional tensions and concern about energy supply.