Hit Highest

• Citigroup's US Economic Surprise Index reached 63.2, marking its highest level since August 2023. • The surge was driven by actual data for retail sales, employment, and manufacturing significantly exceeding Wall Street's median forecasts. • This deeply positive reading indicates that the US economy is performing meaningfully stronger than analysts had predicted.

• A new report from the Uppsala Conflict Data Program reveals that global conflict levels have reached their highest point since World War II. • The data highlights a surge in one-sided violence in Africa, specifically citing massacres in El Fasher as a primary driver. • This escalation marks the most severe level of one-sided violence seen on the continent since the 1994 Rwandan genocide.

Bond yields soar and pound falls against dollar as investors brace for potential Labour leadership changeBusiness live – latest updatesUK politics live – latest updatesLong-term UK borrowing costs have soared to the highest level in nearly three decades while the pound and stocks fell, as investors braced for a potential change of leadership, with cabinet ministers urging Keir Starmer to quit.Starmer is consulting colleagues before a crunch cabinet meeting on Tuesday morning that comes after ministerial aides quit and more than 70 MPs publicly called for him to go. Continue reading...

Rise in bond yields due to fuel prices and stability concerns will eat away at Rachel Reeves’s fiscal headroomBusiness live – latest updatesThe UK government’s long-term borrowing costs have hit their highest level since 1998, amid rising fuel prices and concerns about political stability.The yield – effectively the interest rate – on 30-year UK government bonds (gilts) hit 5.76% at lunchtime on Tuesday, up 0.11 percentage points – exceeding the 27-year high reached last autumn. Continue reading...

• Tuberculosis cases in the U.S. rose to over 10,600 in 2024, marking the third consecutive annual increase and the highest total since 2013, at about 3 per 100,000 people. • Health experts attribute the rebound to pandemic-related underdiagnosis, untreated latent infections, and increased international travel from high-prevalence areas. • Local public health TB programs remain understaffed, straining response capacity amid the uptick.