LONDON, Oct 3 - Global shares fell on Tuesday, crushed by a surge in U.S. bond yields that lifted the dollar after Federal Reserve officials served a reminder that borrowing costs won't drop any time soon.
In Europe, just healthcare, consumer staples and financials managed to stay in positive territory, but those gains were offset by losses elsewhere to leave the STOXX 600 down 0.4% .The latest catalyst was two Fed officials saying on Monday monetary policy will need to stay restrictive for"some time" to bring inflation back down to the central bank's 2% target.
Monetary authorities in Japan are sticking with a policy of keeping borrowing rates extra low, removing an incentive for investors to own the country's currency or its bonds. In the last week, Suzuki has said authorities are watching the yen with either a"high" or"strong""sense of urgency" seven times.
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