{"id":433786,"date":"2026-07-15T18:43:19","date_gmt":"2026-07-15T11:43:19","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-prices-hold-higher-yields-push-up-again-after-us-cpi-breather-433786\/"},"modified":"2026-07-15T18:43:19","modified_gmt":"2026-07-15T11:43:19","slug":"investinglive-european-markets-wrap-oil-prices-hold-higher-yields-push-up-again-after-us-cpi-breather","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-prices-hold-higher-yields-push-up-again-after-us-cpi-breather-433786\/","title":{"rendered":"investingLive European markets wrap: Oil prices hold higher, yields push up again after US CPI breather"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/cooler-us-inflation-keeps-the-calm-in-markets-for-now-at-least\" rel=\"follow\">Cooler US inflation gives markets a bit of a breather<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/usd-jpy-shrugs-off-the-surprisingly-soft-us-cpi-as-middle-east-crisis-keeps-inflation-risks-alive\" rel=\"follow\">USD\/JPY shrugs off the surprisingly soft US CPI as Middle East crisis keeps inflation risks alive<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/ecb-policymaker-nagel-says-interest-rates-are-at-appropriate-level-after-june-s-decision\" rel=\"follow\">ECB policymaker Nagel says interest rates are at appropriate level after June&#8217;s decision<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/ecb-policymaker-panetta-says-ecb-s-goal-is-to-keep-inflation-expectations-firmly-anchored-limiting-second-round-effects\" rel=\"follow\">ECB policymaker Panetta says ECB&#8217;s goal is to keep inflation expectations firmly anchored, limiting second-round effects<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/ecb-policymaker-stournaras-says-renewed-us-iran-conflict-reignited-inflation-and-growth-worries\" rel=\"follow\">ECB policymaker Stournaras says renewed US-Iran conflict reignited inflation and growth worries<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/pboc-reaffirms-to-continue-implementing-appropriately-loose-monetary-policy\" rel=\"follow\">PBOC reaffirms to continue implementing appropriately loose monetary policy<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/spain-june-final-cpi-vs-3-2-y-y-prelim\" rel=\"follow\">Spain headline annual inflation confirmed at 3.2% in June<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/eurozone-may-industrial-production-vs-0-2-m-m-expected\" rel=\"follow\">Euro area industrial output falls in May, missing on estimates<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>WTI crude up 0.6% to $79.85<\/li>\n<li>European indices lower, DAX down 0.8%<\/li>\n<li>S&amp;P 500 futures up 0.1%, Nasdaq futures up 0.4%<\/li>\n<li>AUD leads, CHF lags on the day<\/li>\n<li>10-year Treasury yields up 2.5 bps to 4.61%<\/li>\n<li>Gold down 0.5% to $4,032<\/li>\n<li>Bitcoin up 0.2% to $64,652<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">It was a slower session with little notable headlines to work with in European morning trade.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">As such, markets are afforded a bit of a breather in digesting the latest US-Iran developments alongside the softer US June CPI report from yesterday.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Oil prices continue to hold higher as Middle East tensions remain heightened, with WTI crude up 0.6% to $79.85 on the day. A firm break of $80 remains the next key test for traders at the moment.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Meanwhile, the US dollar is recouping some losses from yesterday but the moves are relatively light so far on the day. EUR\/USD is flat at 1.1418 but down from around 1.1440 earlier with USD\/JPY also inching up by just 0.1% to 162.35 from around 162.00 earlier in the day.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">With all that is happening, the bond market is perhaps the one key spot to be wary about with long-end yields quickly climbing back up. 2-year yields in the US may be up to 4.21% only, still much lower from the high yesterday near 4.30%. However, 10-year yields in the US are now back up to 4.61% with 30-year yields pushing back up to 5.12% today. Hot, hot, hot.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">That could yet spill over and bite at risk sentiment some time later this week.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">For now though, US stocks are keeping the calm still with S&amp;P 500 futures up 0.1% and Nasdaq futures up 0.4%.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In other markets, precious metals are moving back down after the bounce yesterday with gold lower by 0.5% to $4,032 and silver down 1% to $58.03 on the day.<\/p>\n<p>Up next, we have the US PPI report to follow up from the CPI report yesterday.<\/p>\n<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: Cooler US inflation gives markets a bit of a breather USD\/JPY shrugs off the surprisingly soft US CPI as Middle East crisis keeps inflation risks alive ECB policymaker Nagel says interest&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433786","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433786"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433786\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}