Latest / MPC Markets Morning Call
Stock Gains Capped by Global Bond Rout
The US 10-year yield hit 5.34%, the highest since 2002, before reversing after Fed Vice Chair Jefferson signalled patience on further hikes. The S&P 500 recovered to close up 0.2% but the ASX 200 bore the brunt, falling 2.0% to its lowest since June. Brent crude surged 4.3% on a third US carrier deployment to the Middle East, China suspending fuel exports, and Iran warning of a "forceful response." Micron's blowout guidance lifted chips but Broadcom's $42B deal to lease AI chips to Anthropic raised circular-finance concerns. Russia warned it would use its "entire arsenal including nuclear…
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