Macro update
US-Iran talks collapse triggers risk-off sentiment: Weekend negotiations failed to deliver an agreement, intensifying geopolitical tensions and raising concerns over a prolonged conflict.
Oil prices surge above $100 on supply fears: Crude rallied sharply as the US signalled a blockade of Iranian ports, threatening flows through the Strait of Hormuz.
Global equities decline as energy shock weighs on outlook: Asian markets fell and US futures moved lower, reflecting worries about higher inflation and slower growth.
Japan 10-year yields hit fresh 28-year high: JGB yields climbed to their highest level since 1997, underscoring rising inflation pressures and shifting policy expectations.
Dollar strengthens on safe-haven demand: The US currency advanced against major peers as investors rotated into defensive assets amid heightened geopolitical uncertainty.
Inflation risks rise as central banks reassess outlook: Elevated energy prices are expected to feed into global inflation, potentially delaying the pace of monetary easing.