UK Inflation Hits One-Year High of 3.5%
UK inflation reached 3.5%, its highest level in one year.
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UK inflation reached 3.5%, its highest level in one year.
The euro hit a 17-month low below $1.12 as fears of contagion from rising French borrowing costs spread across the euro area. The gap between French and German government bond yields widened to its highest since the euro debt crisis.
The euro hit 17-month lows below $1.12, down over 4% this year, as fears grow of contagion from rising French borrowing costs spilling into the broader euro area. The French/German yield gap is near its widest since the euro debt crisis, with Italian bond yields also wider.
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Asian share markets edged higher as chipmakers benefited from AI demand, while oil prices eased on speculation of increased supply. The dollar dipped against the yen amid intervention concerns.