FinanceThe GuardianAre global stock markets heading for a crash?
Global stock markets are wobbling as the Iran war pushes oil above $100 a barrel, US borrowing costs hit a 16-year high, and AI investment enthusiasm cools.
Economies thrown into renewed turmoil as AI debt, Iran war and soaring government bond yields fuel alarm
Global financial markets have been thrown into renewed turmoil as the Iran war intensifies, oil tops $100 a barrel, and US government borrowing costs hit their highest since 2007.
The US Federal Reserve defied Trump and raised interest rates for the first time since 2023, with the Bank of England tipped to follow with four rises before end of next year.
Analysts warn that soaring energy costs and rising debt levels could tip the world economy toward recession, putting pressure on household budgets and share portfolios globally.
Rising US interest rates and bond yields tend to flow through to Australian mortgages and super balances, so it is worth checking your investment mix with your fund.
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