analysis: Under US-Iran conflict, market fatigue gradually emerges, reinforcing the global expectation that 'high interest rates will persist for longer'

Odaily Planet Daily News Bob Savage, an analyst at BNY Mellon, pointed out in a research report that the market is showing increasing signs of fatigue. Bob Savage stated that the renewed escalation of the US-Iran military conflict, rising bond yields, and hawkish guidance from central banks are putting pressure on both stock and fixed-income markets; at the same time, investors are reassessing the sustainability of the rebound momentum in global risk assets."

Central banks are increasingly focusing on the persistence of inflation triggered by energy shocks and stronger economic growth, which further reinforces the global market expectation that 'high interest rates will persist for longer.' He pointed out that the renewed exchange of fire between the US and Iran has pushed up oil prices, the US dollar exchange rate, and US Treasury yields; at the same time, concerns over the risk of supply disruptions through the Strait of Hormuz, coupled with the reduction of strategic reserves, have kept the energy market in a state of constant volatility. (Jin Shi)