Cooling UK labour market ‘questions need’ for Bank of England rate hikes; grocery inflation slows to two-year low – as it happened | Business

• Indian equities declined on Tuesday, with the Sensex falling 493 points and the Nifty dropping 133 points due to intensified risk-off sentiment. • The market downturn was driven by fading hopes for peace in the Middle East, elevated crude oil prices, rising US yields, and weak global cues.

• Global yields surged to multi-decade highs on August 17, 2026, driven by escalating geopolitical tensions and fiscal concerns. • Market instability was specifically linked to "fiscal woes" surrounding corporate issuance within the AI sector, impacting fixed income and equities.

• Major indices including the Dow, S&P 500, and Nasdaq declined as oil prices rose due to escalating tensions between the US and Iran. • Treasury yields climbed amid national debt concerns, with the 30-year yield rising 5 basis points to 5.31%, marking its highest level since June 2007.

• UniCredit is pursuing a controlling stake in Commerzbank, with the German government showing signs of openness regarding its 12.7% ownership stake. • Berlin previously labeled UniCredit's hostile approach "unacceptable," citing concerns over job security, the stability of small and medium-sized enterprises, and Frankfurt's status as a financial hub.

• The Indian stock market closed lower on August 17, 2026, with the Sensex dropping 280 points and the Nifty 50 falling 80 points to end at 24,287.65. • IT giants Infosys and HCL Tech were among the top losers of the session, contributing to the overall market decline.

• The U.S. Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 3.4% annually in July, a slight decrease from June's 3.5% pace. • Monthly inflation saw a modest increase of 0.1% in July, following an unexpected 0.4% drop in June, with both figures aligning with economist expectations.

• Major European stock indexes closed lower on Monday as investors reacted to escalating military tensions in the Middle East. • Market volatility was driven by reports concerning potential diplomatic or military movements involving Washington and Tehran.

• European stock markets have declined, moving toward their longest losing streak since 2025. • The downturn is primarily driven by escalating war risks, which are creating instability across regional markets.

• Executive compensation at India's top listed companies saw a sharp increase during FY26, with 20% of CEOs earning ₹50 crore or more. • HCL Technologies CEO C Vijayakumar became the highest-paid executive with ₹171 crore following a pay revision, followed by L&T's SN Subrahmanyan at ₹120.84 crore.

• The FTSE 100 saw gains today, driven primarily by a rally in mining stocks and a rebound in oil prices triggered by tensions in the Strait of Hormuz. • Pharmaceutical giant AstraZeneca has announced the cancellation of a late-stage lung cancer trial following a significant data setback.

• European ETFs reached a record $323.6 billion in year-to-date net inflows by the end of July. • This surge highlights a significant increase in investor appetite for exchange-traded products across the European market.