International markets update:
Global markets are navigating a complex landscape characterized by significant movements in oil and bond markets, driven primarily by escalating U.S.-Iran tensions, while overall market volatility remains unexpectedly subdued.
- Crude oil prices surged above $90 a barrel as renewed U.S.-Iran tensions and reports of resumed attacks in the Strait of Hormuz fueled inflation fears.
- The 30-year Treasury bond yield soared to its highest level since 2007, reflecting investor concerns over persistent inflation driven by rising energy costs.
- Global equity markets faced headwinds, with Asia-Pacific stocks trading in the red and U.S. and European futures indicating a lower open, extending Monday’s sell-off.
- Wall Street’s volatility index, the VIX, surprisingly dropped to its lowest point of 2026, signaling potential complacency despite increasing geopolitical risks and upcoming U.S. mid-term elections.
- Bitcoin, currently near historic lows, is poised for a significant swing, with Fundstrat predicting a move of 30% or more over the next two months.
- Mining giant BHP’s shares reached a two-month high in Australia after the company surpassed earnings expectations and announced its highest dividend in four years.
Stock Market News summarised for the Wall Street Investors Club community.