Global Market: European shares dip as oil surge fuels inflation fears ahead of ECB meeting

European shares dipped slightly as oil prices climbed due to escalating US-Iran tensions. This surge revived inflation concerns and impacted investor sentiment ahead of key economic events. Energy stocks performed well, while travel and leisure shares faced pressure from higher fuel costs. Technology stocks saw gains as investors anticipated major US company earnings reports. Markets…

Global Market: German bond yields hit two-year high as oil surge fuels ECB rate hike bets

German bond yields rose as oil prices increased amid U.S.-Iran tensions. This surge strengthened expectations for the European Central Bank to tighten monetary policy. Money markets now anticipate higher deposit rates by early 2027. Traders have fully priced in a rate hike at the ECB’s upcoming September meeting. Italy’s 10-year bond yield also increased, widening…