Highlights:

• Japan's Stagflation Risk Mounts With $100 Oil and Sagging Yen — Rising oil prices and a weakening yen increase stagflation risks for Japan, complicating both fiscal and monetary policy. Bloomberg Economics

• UK Jobs Market Became Less Gloomy Last Month, Recruiters Say — Britain's jobs slowdown showed signs of stabilizing before Middle East conflict escalated, informing Bank of England policy decisions. Bloomberg Economics

• Japan's Real Wages Advance for First Time in 13 Months — Japanese real wages rose for the first time in over a year, potentially supporting consumer sentiment and policy goals. Bloomberg Economics

• Gold Slumps as Oil Surge Stokes Fears of Higher Interest Rates — Gold declined amid a stronger dollar and rate hike concerns as Middle East conflict pushed oil toward $120/barrel. Bloomberg Politics

• Starmer Pledges Support for UK Households as Oil Hits $100 — UK PM signals potential intervention on energy bills as oil reaches $100/barrel with no near-term resolution to regional conflict. Bloomberg Politics

• Xi's Central Asia Outreach Pays Off With a Fundraising Blitz — Chinese yuan-denominated bond deals in Central Asia are being prepared for later in the year. Bloomberg Economics

• Khamenei's Son Takes Power in Iran, Trump Downplays $100 Oil — Iran names new supreme leader as conflict enters its 10th day with neither side showing deescalation signals. Bloomberg Politics