UK gilts hit their worst levels since 2008 today. Ten-year yields jumped to 5% as Iran war inflation fears drained rate cut optimism. The FT reported Britain absorbed double pressure from energy shock and collapsing hedge fund trades.
US rate expectations flipped hawkish. Traders priced 50% odds of October rate hikes reversing months of cut bets. The dollar strengthened as central banks globally held rates signaling stubborn inflation.
India's RBI burned through $20B in reserves this month defending the rupee per bankers. Asian currencies cracked as energy import costs surged.
TSLA Tesla absorbed jury verdict finding Elon Musk misled investors during the 2022 Twitter buyout. Potential damages reached $2.5B as jurors ruled on fraud claims. The $650B automaker faced fresh legal pressure.
EA Electronic Arts debt sale drew $25B in demand testing junk bond appetite. Banks moved $15B in financing as credit markets showed surprising resilience. BX Blackstone flagship credit fund posted its first monthly loss since 2022 per FT reporting.
CRM Salesforce SI exploded another 7.3 points hitting 10.1% as covered earlier. WBI WaterBridge Infrastructure absorbed similar pressure spiking 7.7 points to 15.7% SI weekly. ULCC Frontier Group climbed to 51.7% SI adding 7.3 points as budget airline sentiment collapsed.
Korean gaming CEO backed A259960 KRAFTON with $3.3M in buying showing Asian executive conviction. GT Goodyear approved EMEA restructuring cutting 400 positions and taking $110M in charges through 2028.
Gold fell for a third straight week despite safe haven demand as hawkish Fed rhetoric dominated.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
