U.S. stocks decline as rising yields sap risk appetite - BNN Bloomberg

European shares declined for a fifth straight session as bond yields jumped amid concerns of persistently high inflation as well as the impact of hawkish central bank policies on global growth. The Stoxx Europe 600 Index dropped 0.6 per cent, with futures on the S&P 500 down by about the same magnitude, pointing to another risk-off day on Wall Street.

“There is evidence inflation is stabilizing but the question is whether inflation has peaked or is just pausing before another leg higher,” said Michael Hewson, chief analyst at CMC Markets in London. “Rates markets are reflecting that uncertainty.” In bond markets, yields on two-year Treasuries rose to the highest since 2007 while the 30-year yield surged to the highest since 2014.

Britain has also become a point of concern, as the Bank of England was forced to expand its emergency measures to tackle what it called “fire-sale dynamics.” Ten-year U.K. government yields which had risen more than 50 basis points since Oct. 4, dropped as much as 4 basis points to 4.43 per cent.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tuesday’s small-cap stocks to watchOur roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
Source: globeandmail - 🏆 5. / 92 Read more »

Gold SWOT: Gold mining stocks appear to be teeing up for further growthCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film $BRYYF
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Premarket: World stocks head back towards 2-year lows as mood soursRising interest rates, an escalation in the Ukraine war and increased efforts in China to curb COVID-19 cases all weigh on sentiment
Source: globeandmail - 🏆 5. / 92 Read more »

Stocks edge lower on Wall Street ahead of latest round of corporate earnings reportsMajor indexes are coming off a volatile week where they notched out gains because of an early two-day rally that shielded stocks from several weak days I love to walk Canada
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. stocks decline as rising yields sap risk appetite - BNN BloombergStocks fell, pressured by rising Treasury yields and signs that company earnings were set to disappoint. A gauge of the dollar climbed to the highest this month.
Source: BNNBloomberg - 🏆 83. / 50 Read more »