Spain Under Pressure to Show `Hair Shirt’ Budget as Yields Rise

BMY's low P/E & 4.2% yield hint value, but patent cliffs & debt pose risks.

Oil & gas surge 8.6% & 18% on Hormuz blockade fears. Inflation risk rises as supply tightens.

Fuel caps emerge in India as war-driven supply concerns ripple downstream. Jio-bp has reportedly capped fuel sales at 50L per customer, impacting diesel-heavy transport users.

PBOC is expected to set the USD/CNY reference rate at 6.8395 – Reuters estimate PBOC CNY reference rate setting for the trading session ahead.

Japan 10-year yield hits 29-year high as oil surge lifts inflation fears JGB yields surged to multi-decade highs as oil-driven inflation fears intensified

Oil prices surge 8% on Hormuz blockade threat; S&P 500 futures drop 1%. Risk aversion returns.

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