Bond market turmoil eases across Europe; UK service sector growth jumps – business live
Summary
UK government bond prices are rising slightly, which lowers borrowing costs as bond yields fall from recent highs. This change may reflect easing inflation fears, helped by a small drop in oil prices and calmer government bond markets across Europe.Key Facts
- UK 10-year government bond yields dropped by about 0.04 percentage points to 5.195%, below an 18-year high set recently.
- 30-year UK bond yields also fell by 0.04 percentage points to 5.831%.
- Lower oil prices (Brent crude around $95.20 a barrel) may reduce fears about inflation causing interest rates to rise.
- German and French government borrowing costs have decreased too, showing broader bond market calm in Europe.
- Israeli defense officials warned that if Iran attacks Israel, Israel will target Iran’s infrastructure, raising geopolitical concerns.
- US job cuts slowed in July, with 33,429 layoffs announced, the lowest monthly total in two years, though tech companies continue cutting jobs due to AI impacts.
- UK service sector growth reached a four-month high recently, suggesting some economic strength.
- The upmarket cinema chain Everyman saw increased revenues and ticket sales in the first half of 2026, as popular movies boosted box office revenue.
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