Global bond markets face significant pressure as Treasury yields reach levels unseen since 2007, driven by strong US economic data and weak auction demand. This sell-off ripples through global equities, while geopolitical tensions escalate, notably with Iran vowing to maintain its blockade of the Strait of Hormuz. US-China relations remain strained, marked by a brief two-month tariff truce extension ahead of the upcoming Trump-Xi summit, where trade, Taiwan, and AI dominance will dominate the agenda. Meanwhile, the energy sector grapples with potential US diesel export bans and the ongoing conflict in Ukraine. Amidst this volatility, Bentley is launching its first fully electric vehicle to capture younger market segments, and Rio Tinto is expanding its third-party trading operations, signaling strategic shifts in response to broader economic and technological disruptions.
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