FTSE 100 Live: Stocks eye recovery after bond sell-off; Oil holds over $100
Welcome back to the City AM liveblog. Markets are hoping to claw back some of last week’s losses to kick off the week after a global bond rout set ripples through the world’s top exchanges. Fears of an inflationary shock on the back of rising oil and diesel saw bond yields across the world’s economies spike. This [...]
The FTSE 100 is poised to recover after a recent bond sell-off, as markets attempt to regain some of last week's losses following a global bond rout. Inflation concerns stemming from surging oil and diesel prices have caused bond yields worldwide to rise sharply. On the commodity front, Brent crude, the global benchmark for oil prices, has maintained a firm position above $100 per barrel despite recent modest gains.
This development follows the G7 nations agreeing to release 100 million barrels of crude and diesel from emergency reserves. The liveblog will continue to provide updates throughout the day on the London Stock Exchange and broader business and economic news.
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