Prices
UK government borrowing costs hit their highest level since 2008 as inflation fears hit the gilt market
Lights on in skyscrapers and commercial buildings on the skyline of the City of London, UK, on Tuesday, Nov. 18, 2025. U.K. business chiefs urged Chancellor of the Exchequer Rachel Reeves to ease energy costs and avoid raising the tax burden on corporate Britain as she prepares this year’s budget. Bloomberg | Bloomberg | Getty Images British […]
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U.S. Treasury yields edge higher as Iran war drives inflation pressure
U.S. Treasury yields edged slightly higher in early Friday trading as investors continue to navigate growing uncertainty over how the Middle East conflict is impacting the economy. The 10-year Treasury yield — the benchmark for U.S. government borrowing — rose 1.7 basis points to 4.3%. The yield on the 2-year Treasury note, which is more sensitive to […]
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Banks eye three ECB rate hikes this year as former Governor says he sees no stagflation — yet
The Euro Sculpture at Willy-Brandt-Platz in the financial district of Frankfurt, Germany, on March 6, 2025. Bloomberg | Bloomberg | Getty Images Brokers now forecast multiple European Central Bank interest rate hikes this year as the specter of higher inflation and lower growth piles pressure on central banks to act. J.P. Morgan, Morgan Stanley and […]
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Japan wanted inflation and Iran war could grant that wish. But it’s not the type Tokyo desires
TOKYO, JAPAN – FEBRUARY 05: Tourists and shoppers walk through the Tsukiji shopping area on February 5, 2026 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images The Bank of Japan has long stated that sustained levels of inflation will help it move ahead with policy normalization, after having ended the world’s […]
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China leaves March benchmark lending rates unchanged for 10th straight month
BEIJING, CHINA – NOVEMBER 11: The national flag of China flies in front of the headquarters of the People’s Bank of China (PBOC) on November 11, 2025, in Beijing, China. The PBOC serves as the country’s central bank, overseeing monetary policy, financial regulation, and currency issuance. (Photo by Cheng Xin/Getty Images) Cheng Xin | Getty […]
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Copper joins gold in broad commodities sell-off. There’s a worrying reason behind it
Key Points Both precious and industrial metals fell in Thursday trading as investors are starting to worry this oil shock will go on long enough to cause an economic slowdown or recession. An unusual stagflation scenario is occurring with rates rising on inflation fears, while economic growth expectations are being lowered. But some warn that […]
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Government bonds face ‘perfect storm’ as Iran war rattles Europe’s central banks
Europe’s sovereign bonds are facing “a perfect storm” after new inflation fears sparked by the Iran conflict forced the region’s central banks to signal a new course for interest rates on Thursday, sending yields soaring. The Bank of England left interest rates unchanged at 3.75% on Thursday, with the European Central Bank also holding steady […]
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Switzerland risks the ire of the White House as it flags potential currency intervention
Swiss officials say the Iran war is making them more willing to intervene against any significant appreciation in the country’s currency, but doing so risks another dispute with the White House. The Swiss National Bank announced on Thursday that, as expected, it was holding its key interest rate at 0%. But its policymakers said: “Given […]
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Gold and silver sell-off accelerates as inflation fears grip global markets
Gold and silver joined a broad sell-off on Thursday, with the metals shedding around 5% and 10%, respectively, as fears about the Iran war and inflation gripped global markets. At 8:43 a.m. ET, spot gold was down 4.9% at just over $4,600 an ounce. Front-month gold futures were down 5.8% at $4,612. Stock Chart IconStock […]
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European stocks tumble 2% as Iran war intensifies; miners lead losses
Vadimrysev | Istock | Getty Images LONDON — European stocks slumped on Thursday as the Iran war escalated further following attacks on Iranian and Qatari energy infrastructure. The pan-European Stoxx 600 was down 2.1% as of 12:10 p.m. in London (8:10 a.m. ET), with all major bourses in negative territory and all sectors except for […]
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