SaxoBank Says Middle East Supply Risks and Higher U.S. PPI Are Pressuring Markets

SaxoBank said Middle East supply risks continue to intensify, while U.S. producer price inflation was stronger due to a sharp rise in diesel prices. According to ChainCatcher, bond yields in the U.S. and Europe rose significantly, putting pressure on gold, copper, and equities. Markets are now watching whether the energy shock could alter expectations for Federal Reserve interest rates.