AGP Executive Report
Last update: 8 hours agoGlobal Bond Rout: Bond yields surged again as oil jumped on US-Iran tensions, with Japan’s 10-year yield hitting 3% and Germany’s 10-year Bund rising to about 3.36%—pushing borrowing costs higher across Europe and the UK. ECB Watch: Eurozone inflation topped 3% in August, strengthening expectations of an ECB rate hike and adding pressure to already jittery government debt markets. Market Spillover: The sell-off also weighed on equities, with Germany’s DAX down around 1% and broader risk appetite fading as investors priced in tighter policy and higher fiscal risk. G20 Finance Politics: At the G20 in Asheville, the US urged countries to shield jobs from Chinese imports while European officials bristled at Russia’s finance minister attending, keeping geopolitical friction in the spotlight. German Corporate Energy: Uniper is advancing an e-methanol project in Sweden toward a final investment decision expected by 2028, targeting commissioning by 2031 for shipping and chemicals.
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