Writing the summary…
Bond yields are spiking, oil is up — but investors aren’t giving up on stocks
Original reporting
CNBC: read the full reportRelated stories

Complaints to watchdog about water firms soar
Many complaints were about affordability, after customers saw steep hikes to bills.

Bank of England expected to leave interest rates on hold on Thursday despite inflation hitting 3.1% – business live
Rolling coverage of the latest economic and financial news Worryingly, the cost of goods produced by UK factories rose at a faster rate in August too. Producer output prices – or the cost of goods at the ‘factory gate’ - rose by 3.7% in the year to August, up from 3.3% in July. “Rising crude oil and petrol prices increased both the annual cost of raw materials and the price of goods leaving factories respectively.” Continue reading...
BOJ expected to hike rates by 25 basis points to fresh three-decade high: CNBC survey
The BOJ is expected to hike rates by 25 basis points to a fresh three-decade high, a CNBC survey shows.
UK inflation jumps to 3.1% as energy costs soar
The reading comes just hours before the Bank of England updates its monetary policy.
Saudi says Houthis targeted Mecca with a drone, Iran-backed group rejects claim
The Organization of Islamic Cooperation condemned the strike as a "heinous" attack. Mecca is Islam's holiest site and the focal point of the annual Hajj pilgrimage.
Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure
Oil fell Wednesday, as an unexpected increase in U.S. crude inventories outweighed worries over supply disruptions after an Iran-backed attack on Saudi Arabia's East-West pipeline.