Heating up

Financial markets have been more unsettled over the past few days partly because of an escalation of geopolitical tensions in the Middle East. But this has been exacerbated by a mixed set of company earnings reports from the United States coupled with lingering concerns about the trajectory of bond yields. In our charts this week we offer some insights on these issues with some perspective on:

·       US bond yields

·       Financial market stress

·       Credit conditions in the euro area

·       Unemployment rates in major economies

·       Asia’s portfolio flows

·       Global temperature anomalies