Bond markets face fresh selling as oil prices jump, stocks cautious | live
By Dhara Ranasinghe and Wayne Cole LONDON, Aug 31 (Reuters) - Borrowing costs in the euro area and Japan hit their highest levels in years on Monday, as a 3% jump in oil prices on the U.S. and Iran resuming military attacks added to angst about inflation that could keep central banks in rate-hike mode. World stocks were in a cautious mood on the last trading day of August, while gold was headed for its best month since January and the dollar slipped.
By Dhara Ranasinghe and Wayne Cole LONDON, Aug 31 (Reuters) - Borrowing costs in the euro area and Japan hit their highest levels in years on Monday, as a 3% jump in oil prices on the U.S. and Iran resuming military attacks added to angst about inflation that could keep central banks in rate-hike mode. World stocks were in a cautious mood on the last trading day of August, while gold was headed for its best month since January and the dollar slipped.
What's Your Reaction?
