Finance

Crude oil prices and Treasury yields stabilized slightly following statements that calmed immediate fears of escalations in the Middle East before upcoming elections. Despite a marginal retreat, international benchmark Brent crude hovered firmly above the $100 per barrel mark, while the 10-year U.S. Treasury yield remained elevated near 5.25%.

A recent University of Michigan survey highlighted growing public concern over the trajectory of consumer prices, with one-year inflation expectations ticking up to 4.7%. The deterioration in sentiment was particularly sharp among lower-income individuals who face increasing pressure from heightened living costs.

Digital assets experienced a modest recovery following heightened liquidations and downward pressure earlier in the week. Bitcoin consolidated its position around the $82,000 to $83,000 threshold, while Ether remained somewhat weaker after recording a multi-point percentage loss over the seven-day period.