Bloomberg On Tuesday, IHS Markit’s Purchasing Managers Index showed input prices rose to their highest level in five years, nearing a record high since the survey first began tracking business costs back in 1992. Hard UK inflation data has yet to show a big uptick in prices but a surge in input costs for UK manufacturers foreshadows the looming …

  Bloomberg Bonds resumed their selloff after an unexpected jump in Chinese manufacturing fueled optimism about the economy worldwide. Gold rallied as the dollar fell. Treasury yields climbed toward the highest since May on speculation the Federal Reserve will raise interest rates this year. The MSCI All Country World Index posted its first back-to-back gain in two weeks, while the …

  Reuters Saudi Arabia’s stock market ended a nine-day rising streak on Tuesday as banking shares were hit by profit taking, while bourses in the rest of the region were mixed. The Saudi stock index had surged 10.1 percent over the nine trading days through Monday, led by banks, after Riyadh’s huge international bond issue reduced jitters about the economy’s …