US diesel advanced to the highest price since hitting a peak in April during the initial phase of the US-Iran war, highlighting the inflationary pressures menacing the global economy as the conflict drags on.
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Reservoirs that supply southern Norway with electricity fell to a record low for this time of year, raising the risk of higher power prices and greater reliance on natural gas across Europe this winter.
US equity futures fall and bond yields remain elevated as renewed US-Iran hostilities push oil higher, leaving the prospect of a September interest rate hike in play. Nigel Blenkinsop, COO of Jaguar Land Rover, joins…
Cayla Seder, State Street Macro Multi-Asset Strategist, joins Bloomberg's Vonnie Quinn on Bloomberg Brief to discuss her concern around higher Treasury yields and looks ahead to the September Fed decision. (Source:…