Markets On Edge as Middle East Tensions, Inflation Fears Stoke Volatility

Global markets are anxious due to rising Middle East tensions and inflation concerns. Stocks and bonds have fallen, while gold and oil prices have risen.

Investors fear the Israel-Hamas conflict could escalate and drive up oil prices, fueling further inflation.

The yield on 10-year US Treasuries hit a 16-year high as investors expect interest rates to stay higher for longer.

Nokia announced plans to cut up to 14,000 jobs after a 20% drop in quarterly sales, blaming macro uncertainty.

Key events today Bank of Indonesia rate decision, US jobless claims, Fed chair Powell speech.