Geopolitical tensions threaten to reignite global inflation as markets react
Rising global tensions amid concerns about inflation are affecting financial markets across the US, Singapore, Korea and Australia.
Geopolitical conflict is raising fresh concerns about inflation pressures worldwide. Market moves include higher gold and oil prices, a stronger US dollar, and sharp declines in Korean equities. Australian inflation has eased while Asian pricing pressures remain elevated, and the US Federal Reserve maintained its interest rate stance despite some dissent from policymakers.
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Breakfast briefing: Hot war spread to reignite inflation risks
US runs on empty with high inflation, but the Fed holds despite dissenters; Singapore PPI stays very high; Korea stocks take a beating; Aussie inflation eases; UST 10yr at 4.65%; gold firms; oil jerk higher; NZ$1 = 57.8 USc; TWI-5…