The UK government’s long-term borrowing costs jumped to their highest level since early 1998 on Tuesday, with the yield on 30-year government bonds reaching 5.88%. The rise came amid a global bond sell-off that gathered pace as Brent crude oil rose above $92 a barrel amid renewed fighting in the Middle East. European stock markets fell sharply and the FTSE 100 was down more than 1%, led by mining and manufacturing shares.
European stock markets fall sharply and Brent crude rises above $92 a barrlel amid renewed fighting in Middle East The FTSE 100 index is down just over 1%, driven by sharp falls in mining and manufacturing shares. Endeavour Mining is leading the index lower, down 8%, while fellow miners Fresnillo and Antofagasta have also fallen sharply. A post-UK Bank Holiday hangover looked inevitable for the FTSE 100 given the lo…
Yield on 30-year government bonds jumps to 5.88%, the highest since 1998, in bond rout triggered by global factors Business live – latest updates The UK government’s long-term borrowing costs jumped to their highest level since early 1998 on Tuesday as a global bond sell-off gathered pace. The yield – in effect the interest rate – on 30-year UK government bonds, known as gilts, hit 5.89% as traders fretted about a f…
European stock markets fall sharply and Brent crude rises above $92 a barrlel amid renewed fighting in Middle East The FTSE 100 index is down just over 1%, driven by sharp falls in mining and manufacturing shares. Endeavour Mining is leading the index lower, down 8%, while fellow miners Fresnillo and Antofagasta have also fallen sharply. A post-UK Bank Holiday hangover looked inevitable for the FTSE 100 given the lo…
BBC News – World British fashion designer John Galliano announced that a 2027 Met Gala exhibition honouring his career has been cancelled following backlash over his past racist and antisemitic comments. The Metropolitan Museum of Art in New York had scheduled the exhibition. Galliano was convicted by a French court in 2011 over antisemitic remarks.
BBC News – World US forces struck two Iranian launchers on Iran's Larak Island in the Strait of Hormuz, saying the Islamic Revolutionary Guard Corps was preparing to deploy sea mines. Iran said the attack killed civilians and responded by targeting US bases in Jordan. It was the first known US strike on Iran since late July. Donald Trump threatened to hit Iran "hard" after the exchange, while Iran's president said more fighting with the US was not in his country's interest.
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