Prices

• Euro zone government bond yields paused their recent upward trend on Wednesday, following a period of stability in the U.S. Treasury market. • Despite the stabilization in bonds, global markets remain under pressure due to a continuous surge in oil prices. • The shift in bond yields reflects a fluctuating global sentiment as investors balance Treasury stability against rising energy costs.

• European shares declined on Tuesday, with the STOXX 600 falling 0.2% due to rising inflation concerns. • Brent crude prices climbed to $91.41 a barrel, boosting energy stocks by 0.6% while weighing on broader market sentiment. • Germany's 10-year Bund yield reached its highest level since 2011, reflecting increased pressure from rising bond yields across the euro zone.

• Global oil markets are shifting their expectations to account for a potentially prolonged crisis in the Strait of Hormuz, rather than a brief geopolitical shock. • Analysts are evaluating whether persistent disruptions in this critical shipping lane could sustain elevated oil prices through 2027. • This shift matters because the Strait of Hormuz is a primary artery for global energy supplies, and long-term instability threatens global economic stability and inflation.

Brent crude rises above $90 a barrel for the first time since 30 July after US president tells Tehran to surrenderBusiness live – latest updatesOil prices have risen again after the two-month window to negotiate a peace deal in the US-Israel war on Iran expired on Monday with no end to the conflict in sight.Iran said on Monday that it would take a more aggressive stance if talks with the US failed, while Donald Trump demanded Tehran “put up the white flag of surrender” in an interview with Fox News. Continue reading...

Fierce competition in some areas of London means landlord purchasers are making successful lowball offersThe average price of a home coming up for sale in Britain’s richest borough has dropped by almost £100,000 in a month as fierce competition among sellers in many areas prompts some to slash their price expectations, data shows.The property website Rightmove said that for Britain as a whole, average newly listed asking prices for homes had fallen by 2% over the past month, the largest August price drop in eight years. Continue reading...

• The Indian stock market saw a recent decline, with the Sensex falling 0.62% to 78,009.25 and the Nifty dropping 0.83% to 24,366. • Investment remains strong in August, with FPIs recording net inflows of ₹9,836 crore through August 11 and DIIs purchasing ₹38,449 crore. • Despite recent gains, foreign buying is limited compared to the ₹3.37 lakh crore in net FII selling seen so far this year.

• The Indian Rupee opened flat against the US Dollar at approximately 95.40 on Friday, coinciding with a correction in global oil prices. • Separately, Reddit shares surged 11% in extended trading on Thursday following confirmation of its inclusion in the S&P 500 index. • This milestone makes Reddit only the second pure-play social media stock to join the benchmark index, despite ongoing concerns regarding Google AI's impact on traffic.