Global bond rout and inflation pressures dominate

The global bond market is experiencing significant turmoil, with France at the centre, as high government debt levels exacerbate the sell-off. Eurozone inflation has surged to its highest in three years, intensifying pressure on the ECB to consider rate hikes, while UK diesel prices hitting a record high further complicate the inflation outlook. Oil prices are volatile amid potential stock releases, adding to the uncertainty across commodities and energy markets.