European markets mostly closed higher despite rising bond yields
2026-08-07 00:37:27
According to CoinMeta, European stock markets closed trading with rising bond yields, with most markets ending in the green. Italy and Spain once again led the gains, while the UK's FTSE 100 index was the only major index to close lower. Meanwhile, U.S. stock markets were under pressure as Treasury yields soared due to labor market data that exceeded expectations, and crude oil prices also rose. Iran is considering a strategic plan that could significantly strengthen control over traffic through the Strait of Hormuz. The proposal would prohibit vessels from the United States, Israel, and other countries regarded as hostile from passing through, and impose restrictions on the transportation of goods related to actions involving Iran or its allies. This plan is still under expert review and has not yet been officially approved or implemented, so the final scope and timing remain uncertain.
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Source:Internet
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