Spot gold touches almost $4,700 an ounce and Bitcoin tops $80,000 while oil prices fall despite threat of heavy US sanctions on Iran and any country trading with it
Good morning, and welcome to our rolling coverage of the global economy, the financial markets, the eurozone and business.
Gold has climbed further, hitting its highest level since mid-May, as traders and investors worry about the outlook for US inflation and bond market jitters.
Well, we are giving everyone the opportunity to remedy bad behaviour. Why would I want to blow up the global financial system? We believe that it is important to level set and give people a cure period, but they should know that that will move very quickly and that we are serious.
The German economy is maintaining the growth momentum seen at the start of the year. As in the first quarter, growth was primarily driven by the positive development of exports.
9am BST: Germany Ifo business confidence for August
2pm BST: US S&P/Case-Shiller 20-City Home Price Index
3pm BST: US Conference Board consumer confidence for August
3pm BST: US New home sales for July
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