Surging energy prices push inflation up to highest level since March The Office for National Statistics said Consumer Prices Index inflation rose to 2.9% in July, up from a 15-month low of 2.6% in June. Evening Standard · Aug 19
US Treasury bond yields tumble after Scott Bessent steps in to calm market – as it happened US Treasury department announces it will ‘at least’ double its government debt purchases The Guardian - UK · Aug 19
Soaring energy prices see inflation rise to highest level since March The rise in energy bills has driven a sharp increase in inflation, moving further away from the Bank of England’s target The Independent UK · Aug 19
UK inflation rises to 2.9% as Iran war drives up energy bills Accelerating price increases in July add to pressure on households, with chancellor saying ‘there is more to do to restore hope’ The Guardian - UK · Aug 19
Nigeria election campaign begins as voters grapple with inflation crisis Campaigning kicks off in Nigeria Wednesday, five months ahead of elections set to be dominated by crushing inflation and President Bola Tinubu's economic reforms. Radio France Internationale · Aug 19
Gold extends losses, falls to nearly Rs 1.54 lakh/10 gm. Time to buy? Gold prices slipped on the MCX but edged higher internationally as easing Treasury yields supported demand. However, rising oil prices and renewed inflation concerns could limit the scope for US rate cuts, weighing on gold. With traders pricing a 35% chance of a September rate hike, experts Christopher Wood and… The Economic Times · Aug 19
Aussie shares fall for sixth day as confidence wavers Defensive stocks have been the sole winners in another negative session for the ASX, weighed down by inflation and global borrowing cost concerns. AAP · Aug 19
Dollar drifts near multi-month lows as Treasury yields ease; Fed minutes awaited The U.S. dollar slipped against leading currencies on Wednesday, influenced by a decline in treasury yields from their recent highs. Investors are keenly awaiting the Federal Reserve's minutes, anticipating guidance on interest rate trends. The euro and sterling gained ground slightly as they approached critical inflation reports. Additionally, oil prices… The Economic Times · Aug 19
Global Market Today: Asian equities decline as chip selloff extends Asian stock markets witnessed a downturn as semiconductor shares plummeted sharply. The rise in bond yields and escalating oil prices contributed to a bearish market sentiment. Investors pulled away from growth stocks, driven by concerns over inflation and mounting debts. Additionally, geopolitical unrest heightened market pressures, with the ongoing tensions… The Economic Times · Aug 19
Stocks Finish Lower as Chipmakers and AI Stocks Fall The S&P 500 Index ($SPX ) (SPY ) closed down by -0.69% on Tuesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -1.68%. E-mini S&P futures (ESU26 ) fell -0.69%, and September E-mini... Barchart · Aug 18
Nasdaq Sinks as Bond Yields Pressure Tech Stocks: Stock Market Today Uncertainty over the Middle East, inflation and the Fed has sent bond yields soaring — and created a big headache for tech stocks. Kiplinger · Aug 18
Dollar Edges Higher as Stocks Slide The dollar index (DXY00 ) rose by +0.10% on Tuesday. The weakness in stocks on Tuesday increased demand for dollar liquidity. Also, Tuesday’s rally in WTI crude oil to a 3-week high boosted inflation expectations and could prompt the Fed to tighten monetary policy, a positive factor for the dollar.... Barchart · Aug 18
The 4% Rule Isn’t a Retirement Law: 6 Reasons Your Withdrawal Rate May Need to Be Different The 4% rule sounds wonderfully simple: withdraw 4% of a retirement portfolio in the first year, then increase that dollar amount with inflation each year. But simplicity can become dangerous when a rule of thumb starts sounding like a commandment carved into a retirement-planning stone tablet. William Bengen’s original research… The Free Financial Advisor · Aug 18
Americans Are Giving up on Beating Inflation: Just One in 12 Think Their Wages Will Outpace Rising Prices Only 8% of US consumers expect income gains to outpace inflation, down from 18% in December 2024, as inflation expectations rise. International Business Times UK · Aug 18
The Economic Times · Aug 18 Fiscally fit: The counterintuitive move that helped India tame inflation India's inflation between 2010 and 2016 offers a lesson in fiscal discipline. Persistent deficits eroded confidence, leading to high inflation rates. However, banking windfall revenue from cheaper oil repaired debt backing. This fiscal consolidation re-anchored prices and restored market confidence. This commitment to fiscal discipline has since buffered India from…
Latin Times · Aug 18 President Abinader and the Dominican Republic: Stability as a Competitive Advantage in the Caribbean The Dominican Republic is beginning to stand out in the region for a signal markets increasingly value: stability. Data from the International Monetary Fund and the Central Bank of the Dominican Republic provide a measurable view of growth, inflation and external buffers during President Abinader's current term.
Evening Standard · Aug 18 FTSE 100 holds modest gains with oil stocks up amid rising prices The FTSE 100 index closed up 7.74 points, or 0.1%, at 10,728.04.
International Business Times · Aug 18 30-Year Treasury Yield Hits 19-Year High. Wall Street Warns It Could Surge Further. The Treasury yield rise is drawing attention not only because of its size, but because yields have continued to rise despite signs that parts of the U.S. economy are cooling.
The Economic Times · Aug 18 30-year Treasury yields at highest level since 2007 amid Iran worries, broader selloff U.S. Treasury yields surged for a third day on Tuesday, with the 30-year yield reaching its highest mark since 2007. The benchmark 10-year yields also increased, getting close to their recent highs. Inflation expectations remained heightened, as shown by breakeven rates. Moreover, an ongoing global bond selloff significantly influenced rising…
Barchart · Aug 18 Dollar Supported by Weak Stocks and Rising Bond Yields The dollar index (DXY00 ) is up by +0.04% today. The weakness in stocks today has increased demand for dollar liquidity. Also, today’s rally in WTI crude oil to a 3-week high is boosting inflation expectations and could prompt the Fed to tighten monetary policy, a positive factor for the...
Evening Standard · Aug 18 Energy price cap hike set to send July inflation surging Most experts are forecasting that CPI inflation will rise to 2.9% in July, up from 2.6% in June.
Barchart · Aug 18 A Former Fed President Says Without the War in Iran and the Oil Spike, Nobody Would Even Be 'Talking About the Prospect of a Rate Increase' One of the most quoted Fed watchers alive is willing to say what serving officials will not about the War in Iran and interest rates.
The Economic Times · Aug 18 Euro zone bonds join global selloff, long-end yields at multi-year highs On Tuesday, yields on longer-dated euro zone bonds surged to levels not seen in years. The increasing oil prices, spurred by diminishing expectations for a quick resolution to the conflict in Iran, intensified inflation worries throughout the markets. Consequently, investors are anticipating a quarter-point interest rate hike from the ECB,…
The Economic Times · Aug 18 Bond markets from US to Japan whacked as inflation and fiscal worries take hold Global borrowing costs are hitting multi-decade highs again as inflation fears rise. The United States has seen its 30-year Treasury yields surpassing five percent, while Japan's 10-year borrowing costs approach a peak not seen in nearly 30 years. Additionally, long-term yields in Europe have reached some of their highest levels…