Global bond sell-off triggers declines in stocks and gold, while oil prices surge

　　[Global Web Finance Comprehensive Report] On September 1, global capital markets experienced severe turbulence, showing a “triple kill” pattern in stocks, bonds, and gold, while international oil prices soared against the trend.

　　The bond market was at the center of the day's storm. Amid rising inflation pressures and a spreading global bond sell-off, government bond yields in major economies climbed to high levels: the US 10-year Treasury yield rose to 4.792% at one point, reaching a new high since January 2025; the UK 10-year Treasury yield reached 5.255%.

　　Affected by surging bond yields and heightened expectations of interest rate hikes, the European stock market started off weakly in September. As of 20:00 (GMT+8) on September 1, the UK FTSE 100 Index had fallen 0.55%, the German DAX30 Index dropped 0.89%, and the French CAC40 Index declined 0.20%. As for US stocks, all three major stock index futures were down collectively.

　　Due to the rise in government bond yields of multiple countries and the climbing US Dollar Index, the traditional safe-haven asset gold came under pressure and declined. As of 22:40 (GMT+8) on September 1, gold futures for December delivery on the New York Mercantile Exchange were quoted at $4,413.70/ounce, down 1.51%; silver futures for December delivery were at $65.555/ounce, down more than 2%.

　　International oil prices rose sharply. Light crude oil futures for October delivery on the New York Mercantile Exchange were quoted at $87.91/barrel, up 2.51%; Brent crude oil futures for November delivery on the London exchange were quoted at $92.37/barrel, up 2.08%. (Wen Hui)

Editor: Zhu Henan