The UK 10-year gilt yield rose to 5.223%, the highest level since June 2008. Brent crude climbed to $91.69 a barrel, adding to inflation expectations. Japan’s 10-year government bond yield touched 3% for the first time since 1996, while Germany’s 10-year yield rose to 3.34%, a 15-year high. Germany’s August inflation ticked up to 2.9%, with energy prices up 10.5% year on year.

Attorneys general from multiple US states have filed a 233-page lawsuit against Meta, alleging it collected data on children under 13 without parental consent in violation of federal and state laws. If Meta is found liable, damages could reach $200bn. Meta previously faced penalties in New Mexico in a similar case totaling $942m.