Global equity index, bond yields edge up with focus on inflation and Middle East
Global equities and bond yields edged up on Wednesday as investors focused on inflation and Middle East developments. The MSCI global equities gauge saw a slight rise, while U.S. inflation data came in hotter than expected. Iran and Oman are working on an agreement regarding the Strait of Hormuz, but the situation remains uncertain.
U.S. crude oil prices settled lower after a volatile session, impacting the bond market. U.S. Treasury yields rose, while traders monitored Middle East developments and U.S. government plans to expand debt buybacks. The dollar strengthened against other currencies, and gold prices dipped after reaching their highest levels since mid-May.
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