UK gilt yields jumped to 5% marking the highest since 2008. The Iran conflict triggered an inflationary energy shock draining rate cut optimism. Ten-year borrowing costs surged as traders priced extended war duration. Financial Times warned wild gilt swings point to strains that will jack up costs for consumers.
India's central bank burned through $20B in reserves this month defending the rupee. The RBI battled Iran war fallout as emerging currencies absorbed pressure. Qatar helium output halted threatening global tech supply chains per AP reporting. TSLA Tesla CEO faced fraud verdicts from a jury yesterday over 2022 Twitter purchase statements.
US rate traders now price 50% odds of borrowing cost increases by October. The shift marks a reversal from cut expectations dealing a blow to administration policy calls. EA Electronic Arts saw $15B debt sale draw $25B in demand testing junk markets. BX Blackstone flagship credit fund posted first monthly loss since 2022 per FT reporting.
European stocks closed lower as Iran war intensified. Miners led losses while Asia-Pacific markets tumbled bracing for prolonged conflict. Gold set for third weekly fall despite softer dollar as hawkish Fed caps gains.
WBI WaterBridge Infrastructure SI tripled in three days hitting 15.7% as bears piled into energy volatility. CPNG Coupang grabbed $137M institutional buying from Greenoaks Capital Partners. PCG PG&E jumped to buy consensus as utilities captured defensive upgrades. Occidental Petroleum claimed top options sentiment as traders bet on extended supply disruption.
European names face quiet earnings. INTRUM Intrum AB and medical firms report amid regional stress. Zero IPOs scheduled as capital markets stayed frozen.
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.
