AM 02 Sep 26: Oil prices soar, stocks tumble

Renewed US attacks on Iran rattled global markets overnight, sending oil prices surging and fuelling another rise in bond yields as inflation concerns intensified. Wall Street tumbled and the ASX is poised to follow with a sharp fall at the open. Plus, what Australian 10-year bond yields reaching 15-year highs could mean for investors and the economy. James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers. Check out our Market News page Follow us on:InstagramLinkedInYouTubeTikTok The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.