Global markets saw a dip as Middle East tensions escalated, pushing oil prices and bond yields higher, signaling increased U.S. interest rate risk. Political uncertainty in the UK also weighed on sterling. Investors are now keenly watching upcoming U.S. inflation data and central bank commentary for further clues on monetary policy direction, with markets pricing in a higher chance of a Fed rate hike.

Global markets saw a dip as Middle East tensions escalated, pushing oil prices and bond yields higher, signaling increased U.S. interest rate risk. Political uncertainty in the UK…

SYDNEY, June 22 : Most share markets slipped in Asia on Monday as doubts about the Middle East peace process sent oil prices and bond yields up again, leading investors to price…