Back to latest news
Cost Pressures Weigh on Global Shares
Bond yields and expensive oil shaped trading.
Global markets faced pressure as oil prices rose and government bond yields stayed near long-term highs. Reuters reported that investors were reconsidering how long borrowing costs might remain elevated.
Higher yields can increase the cost of mortgages and business finance. Technology shares provided some support, while traders waited for US inflation and employment figures that could influence future interest-rate decisions.