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Australia's benchmark sovereign bond yield rose to its highest level since 2011, driven by a global bond selloff and increased market expectations of further Reserve Bank of Australia (RBA) interest rate hikes.

FinBERT analysis of financial text showing neutral sentiment with 95.1% confidence.

FinBERT analysis of financial text showing neutral sentiment with 95.1% confidence.

FinBERT analysis of financial text showing neutral sentiment with 95.1% confidence.

FinBERT analysis of financial text showing neutral sentiment with 95.1% confidence.

China's central bank governor Pan Gongsheng reaffirmed the possibility of further monetary easing to support economic growth in 2026, echoing previous guidance from his deputy.

US equity indexes declined following a rise in Treasury yields and crude oil prices, which were driven by new military strikes on Iran.

Fortress Investment Group's Chief Strategist Elizabeth Burton stated that interest rates are still likely to rise further, citing inflation concerns driven by elevated oil prices and the need for a fiscal response to address underlying issues.

A bond selloff drove US yields to 2008 highs amid rising oil prices from attacks on supertankers in the Strait of Hormuz, fueling inflation concerns and expectations of higher central bank rates.

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Eurozone inflation increased to 3.3% in August, driven by higher energy prices, which has led to expectations that the European Central Bank (ECB) will raise interest rates next week.

Australia's residential property market experienced a fifth consecutive monthly decline in August, with national home prices falling 0.9% and Sydney and Melbourne leading the drop at 1.4% and 1.1% respectively.