Today: Shein: IPO without euphoria | USA instrumentalize G20 meeting
In anticipation of higher interest rates, bond yields are rising again. US Treasury Secretary Scott Bessent is irritating his partners. And Shein is making a subdued stock market debut.
The US launched airstrikes on Iranian positions, prompting Tehran to retaliate with attacks on US bases in Jordan. This led to increases in oil and gas prices, fuelling inflation concerns. In response, bond markets saw significant sell-offs on Tuesday, driving yields on US, Japanese, and European bonds to multi-year highs. The G20 finance ministers' meeting in Asheville, North Carolina, failed to calm the markets. The Chinese online fashion retailer Shein made a subdued stock market debut in Hong Kong.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
