US tech firms may crowd out others in euro bond market and raise credit risk By Reuters

• Euro area HICP inflation rose to 3.3% year-over-year, up from a previous 2.9%, primarily driven by an increase in energy prices. • Core inflation slightly declined to 2.4%, while the July unemployment rate remained steady at 6.4%, though this was slightly higher than the 6.3% forecast.

• The Euro (EUR) dropped to two-week lows against the US Dollar (USD) on Wednesday, marking its second consecutive day of decline. • The downturn is driven by increased risk aversion due to escalating tensions in the Middle East and growing market expectations that the Federal Reserve will implement further interest rate hikes.

• Europe's benchmark Stoxx 600 index traded below the flatline around 8:10 a.m. in London, reversing its initial opening gains. • MongoDB reported strong second-quarter results, earning $1.90 per share on $772 million in revenue, significantly beating LSEG analyst forecasts of $1.61 per share and $734 million.

• European government bond yields have surged to their highest levels in over 15 years due to a deepening global bond sell-off. • Benchmark borrowing costs hit record highs on Tuesday for major economies, including Germany, France, Italy, and the Netherlands.

• Indian equity benchmarks, the Sensex and Nifty, turned red during afternoon trade, erasing previous recovery gains. • The Nifty index dropped below the 24,050 level, driven primarily by declines in the banking, financial, and auto sectors.

• The Federal Reserve implemented "Operation Twist," a strategy involving the sale of short-term bills and the purchase of long-term Treasuries to stabilize the economy. • To support the dollar and encourage investment, the Treasury utilized "Roosa bonds," which were sold to foreign central banks to protect against currency devaluation.

• Global bond markets continued a "highest since" trend yesterday, characterized by rising yields and shifting price actions. • Energy prices surged further, driven primarily by a new intensification of the conflict involving Iran.

• Global interest rates are surging, with the U.S. 10-year Treasury note climbing to nearly 4.8 percent. • Significant shifts are occurring internationally, including the Japanese 10-year bond exceeding 3 percent for the first time since 1996 and the German 10-year bund hitting 3.33 percent, a peak not seen since 2011.

• Indian stock markets experienced a sharp decline today, with the Sensex dropping nearly 700 points and the Nifty plummeting 200 points within the opening minute of trade. • The market volatility is driven by an escalation in the conflict between Iran and the United States, which has caused Brent crude oil prices to skyrocket.

• Eurozone inflation rose sharply to 3.3% in August, driven primarily by a surge in energy prices which climbed more than 14% year-on-year. • National rates varied across the region, with Spain recording the highest inflation at 4.5%, followed by Italy at 3.2%.

• Three additional companies are preparing to leave the London Stock Exchange following a series of takeover offers. • This trend follows a broader wave of mergers and acquisitions that are removing firms from the capital's under-pressure stock market.