{"id":434503,"date":"2026-07-23T18:47:19","date_gmt":"2026-07-23T11:47:19","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-prices-continue-to-surge-higher-dollar-climbs-alongside-bond-yields-434503\/"},"modified":"2026-07-23T18:47:19","modified_gmt":"2026-07-23T11:47:19","slug":"investinglive-european-markets-wrap-oil-prices-continue-to-surge-higher-dollar-climbs-alongside-bond-yields","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-markets-wrap-oil-prices-continue-to-surge-higher-dollar-climbs-alongside-bond-yields-434503\/","title":{"rendered":"investingLive European markets wrap: Oil prices continue to surge higher, dollar climbs alongside bond yields"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/wti-crude-oil-hits-90-for-the-first-time-in-six-weeks\" rel=\"follow\">WTI crude oil hits $90 for the first time in six weeks<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/usd-jpy-at-40-year-high-as-middle-east-tensions-and-hawkish-fed-bets-drive-breakout\" rel=\"follow\">USD\/JPY at 40-year high as Middle East tensions and hawkish Fed bets drive breakout<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/alphabet-earnings-reaction-cools-an-otherwise-selective-earnings-season\" rel=\"follow\">Alphabet earnings reaction cools an otherwise selective earnings season<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/ecb-preview-high-bar-for-the-ecb-to-out-hawk-the-market-september-hike-likely-if-inflation-surprises-to-the-upside\" rel=\"follow\">ECB preview: High bar for the ECB to out-hawk the market; September hike likely if inflation surprises to the upside<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/ecb-to-pause-today-before-delivering-next-and-final-rate-hike-in-september-deutsche\" rel=\"follow\">ECB to pause today before delivering next and final rate hike in September &#8211; Deutsche<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/france-july-business-confidence-vs-95-expected\" rel=\"follow\">French business climate brightens a little more as rebound extends into July<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/china-sends-a-clear-message-with-live-fire-drills-in-taiwan-strait\" rel=\"follow\">China sends a clear message with live-fire drills in Taiwan Strait<\/a><\/li>\n<\/ul>\n<p>Market update:<\/p>\n<ul>\n<li>Brent crude up 5.1% to $98.91, WTI crude up 4.7% to $90.95<\/li>\n<li>European indices fall, DAX down by 0.7%<\/li>\n<li>S&amp;P 500 futures down 0.6%, Nasdaq futures down 0.8%<\/li>\n<li>USD leads, NZD lags on the day<\/li>\n<li>10-year Treasury yields up 3 bps to 4.685%<\/li>\n<li>Gold down 1.1% to $4,081<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The focus in markets continue to be on the reaction to heightened tensions in the Middle East. With things not getting any better, we&#8217;re seeing markets extend the broader theme from this week in trading today.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Oil prices are continuing to ramp higher with WTI crude breaking out to fresh six-week highs above the $90 mark. The gains come as we see added risk aversion in broader markets, with traders and investors seeking shelter in the US dollar. WTI crude is up 4.7% to $90.95 while Brent crude is up 5.1% to $98.91 on the day.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Meanwhile, that is translating to higher bond yields everywhere with 10-year German bond yields briefly touching 3.20% &#8211; its highest since 2011 &#8211; and 10-year French bond yields hitting 4% again &#8211; the highest since 2009. As for Treasury yields, 10-year yields in the US jumped up further by another 3 bps to 4.685%.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">And that is translating to a stronger dollar in the major currencies space. EUR\/USD is down 0.2% to 1.1385 with USD\/JPY sticking at fresh 40-year highs being up 0.3% to 163.58 on the day.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Amid higher yields and a negative risk backdrop, equities are also seen slumping today. In Europe, the DAX is down 0.7% with the CAC 40 down 1.1%.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">As for US futures, things are looking dicey after the late selling yesterday as Alphabet&#8217;s earnings call is prompting added concerns over AI expenditure. The company reported its first ever negative free cash flow in a quarter and that is pushing shares down nearly 5% in pre-market. In turn, that is dragging down the broader mood with S&amp;P 500 futures down 0.6% and Nasdaq futures down 0.8%.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Looking to precious metals, we&#8217;re seeing dip buyers be dealt a setback with gold down 1.1% to $4,081 and silver down 2.3% to $58.33 on the day.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The ECB is up next on the agenda today but the meeting decision is likely to be a non-event more than anything else.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: WTI crude oil hits $90 for the first time in six weeks USD\/JPY at 40-year high as Middle East tensions and hawkish Fed bets drive breakout Alphabet earnings reaction cools an&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-434503","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434503","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=434503"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434503\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}