European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Dollar Holds Near Two-Month High as Yen Approaches 160 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
China Agrees to Buy 20 Million Tons of U.S. Coal 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
ECB May Stop Rate Hikes After December, Capital Economics Says 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
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Oil Prices Plummet Following Israel’s Limited Strike on Iran
Oil prices plunged in early Asian trade on Monday as easing fears of a broader Middle East conflict following Israel’s strike on Iran caused a sell-off. Israel's attack over the weekend avoided critical oil and nuclear sites, prompting traders to remove the risk premium on crude prices.
Brent and WTI Futures Drop
Brent crude futures, expiring in December, dropped 4.1% to $72.97 per barrel, while West Texas Intermediate (WTI) crude fell 4.2% to $68.76 per barrel. Both contracts neared their lowest levels since early October.
Limited Impact on Iranian Oil
Israel targeted Iranian military sites but refrained from striking the country's major oil and nuclear facilities. Although Iran minimized the attack’s significance, the country threatened retaliation. The market had anticipated a major escalation that could disrupt oil supplies from the region, but Israel’s restraint tempered those concerns.
Despite this, the broader conflict persists, with Israel continuing its military operations against Hamas and Hezbollah.
Global Demand Concerns Resurface
With the immediate Middle East tensions easing, attention turns to economic indicators. This week’s U.S. and Eurozone GDP data, along with China’s purchasing managers’ index (PMI), will provide insights into global oil demand. Additionally, the Federal Reserve’s preferred inflation measure, the PCE price index, is due later this week.
