Stocks drift lower, US yields rise but growth outlook dims

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.

NEW YORK/LONDON, Sept 18 - Global equities slid and the 10-year Treasury yield held just below an almost 16-year high on Monday amid rising concerns that the Federal Reserve's higher for longer message on interest rates will take a toll on a U.S. consumer facing a few headwinds.

"The Fed is unlikely to raise at this meeting," Ghriskey said. But I think they're in an every-other meeting raise cycle, unless we really see significant improvement in inflation." The benchmark 10-year Treasury yield was at 4.3185%, just below the 4.366% level reached on Aug. 22, and the two-year yield rose further above 5%.

France's third-biggest listed bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new chief executive. Shares of property developer China Evergrande Group plunged 25% on Monday after police detained some staff at its wealth management unit. Fellow developer Country Garden 2007.HK faced another liquidity test with a deadline to pay $15 million in interest linked to an offshore bond.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

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

Wall St subdued as chipmakers, growth stocks drag; Fed rate meet in focusKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

In the Market: Fed beware the banking crisis of MarchKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »