Reuters

Digital currency bitcoin fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin by British and U.S. banks.

The European Central Bank is increasingly confident that inflation will rise on the back of rapid economic growth but currency market volatility is a potential obstacle, ECB President Mario Draghi said on Monday.

Oil prices neared their lowest in a month on Monday as rising U.S. output and a weaker physical market added to the pressure from a widespread decline across equities and commodities.

Stock markets were routed around the globe on Monday, with European indexes opening lower and bond yields rising as resurgent U.S. inflation raised the possibility central banks would tighten policy more aggressively than had been expected.

Economic talks between the United States and Japan, tackling topics from persimmons and potatoes to energy and infrastructure, have helped keep Tokyo clear of protectionist moves such as those that recently hit Chinese solar panels and South Korean washers.

Asian shares fell the most in over a year on Monday as fears of resurgent inflation battered bonds, toppled Wall Street from record highs and sparked speculation that central banks globally might be forced to tighten policy more aggressively.

U.S. job growth surged in January and wages increased further, recording their largest annual gain in more than 8-1/2 years, bolstering expectations that inflation will push higher this year as the labor market hits full employment.

Japan’s financial regulator on Friday swooped on Coincheck Inc with surprise checks of its systems and said it had asked the Tokyo-based cryptocurrency exchange to fix flaws in its computer networks well before hackers stole $530 million of digital money last week.

U.S. job growth likely accelerated in January and wages increased further, underscoring the strong momentum in the economy at the start of the year.

Bond yields shot up and global equity markets were jumpy on Thursday as investor jitters over the likelihood of rising inflation and high stock valuations dampened the appetite for risk assets after a euphoric January in markets.