Finance

Global crude oil prices spiked upward as investors monitored the escalation of hostilities between the U.S. and Iran. Brent crude futures jumped past $90 a barrel, while West Texas Intermediate U.S. futures advanced concurrently. The surge in energy costs is compounding fears that persistent commodity pressure could impede progress on cooling inflation.

Bond yields sustained upward momentum, with the benchmark 10-year Treasury note yield reaching 4.75%. The uptick reflects growing investor concern over elevated inflation following comments from Federal Reserve officials indicating that consumer price growth remains sticky. This macroeconomic environment has prompted market participants to elevate the probability of an upcoming interest rate hike.

Digital currency markets recorded a strong performance throughout August, marking the largest monthly gain for Bitcoin in nearly two years. The rally was primarily propelled by significant institutional capital entering U.S.-listed spot ETFs, which brought in billions over recent weeks. However, indicators suggest retail market participation remains muted, with regular investors largely selling into the institutional buying pressure.