Stocks steady as oil cools; Treasury yields hit four-month high

LONDON/SINGAPORE, April 8 - Global shares were little changed on Monday as oil prices retreated from a six-month peak, while U.S. bond yields hit their highest since late November as investors continued to rein in bets on Federal Reserve interest rate cuts.

Stock markets have made a rocky start to the second quarter as the risk of a broader conflict in the Middle East has pushed up oil prices. Strong U.S. economic data has also added to investor concerns about how much central banks will be able to lower borrowing costs. Brent crude was last down 0.9% at $90.33 a barrel, after hitting a six-month high of $91.91 last week, when factors including a suspected Israeli attack on Iran's embassy in Syria added to upward pressure.

Market pricing on Monday showed traders see a roughly 48% chance of a cut in June, down from around 59% a week ago. "While one should not attach too much importance to one payroll report... if the data remains robust we will have to rethink our June call." The European Central Bank sets interest rates on Thursday, with investors looking for a green light from officials that rate cuts will start in June after inflation slowed more than expected to 2.4% in March.

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.

Stocks end day lower, 10-year Treasury yield moves higherThe major stock market averages (^DJI, ^IXIC, ^GSPC) ended Tuesday's session lower, setting the tone for a gloomy start to the second quarter. Yahoo...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Bitcoin spikes above $69k while stocks, gold, and Treasury yields trend lowerThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Rising Treasury yields pose a test for richly valued U.S. stocksStrong economic data is whittling away at expectations for how much the central bank will cut rates this year
Source: globeandmail - 🏆 5. / 92 Read more »

Rising Treasury yields pose a test for richly valued US stocksThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Analysis-Rising Treasury yields pose a test for richly valued US stocksExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Analysis-Rising Treasury yields pose a test for richly valued US stocksRising Treasury yields could provide the latest test for a rally that has made U.S. stocks increasingly expensive while taking them to fresh record highs...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »