Oil breaks $100, hot U.S. PPI lifts Fed hike odds to 72.4% as stocks, bonds and gold slide
A sharp jump in oil prices, firmer U.S. producer inflation and rising Treasury yields hit global risk appetite overnight, according to PANews. WTI and Brent both climbed to about $104 a barrel after tensions tied to Red Sea shipping routes intensified, while U.S. August PPI rose 5.4% year over year and core PPI came in at 4.6%. CME data cited in the report showed traders pricing a roughly 72.4% chance of a 25-basis-point Federal Reserve rate hike next week. The move rippled through markets. The Dow, S&P 500 and Nasdaq each posted a fourth straight daily loss, while the 10-year Treasury yield climbed to 4.975%, close to the 5% psychological threshold. Spot gold fell 1.93%, and copper prices dropped sharply in both London and New York. AI-linked equities also lost ground as higher yields pressured long-duration growth assets, though Apple rallied after unveiling its foldable iPhone Duo and Oracle drew attention in after-hours trading on stronger-than-expected quarterly results. The report also flagged upcoming catalysts, including U.S. August CPI, round-the-clock silver futures trading at CME, China’s 2026 Computing Power Conference in Langfang, and further developments in Red Sea, Bab el-Mandeb and Strait of Hormuz shipping risks.








