Bruised bond market investors will seek some solace from U.S. jobs data and European inflation numbers out in the week to come, while China is battling to shore up its markets and economy, and the outlook for grains is uncertain.General Motors Factory Zero plant is shown in Detroit in August of 2019.With Treasury yields surging and stocks wobbling, major data in coming days will test the U.S.
The readings come on the heels of central bank policymakers gathering for the annual Fed confab in Jackson Hole, Wyoming and 10-year U.S. Treasury yields hitting their highest since 2007.The building of the European Central Bank is seen amid a fog before the monthly news conference following the ECB's monetary policy meeting in Frankfurt, Germany Dec. 15, 2022.For a year it was a no-brainer that the ECB would be hiking rates to contain high inflation -- its key rate rose swiftly to 3.
Germany’s Bundesbank has warned of a growing risk that consumer price growth gets stuck above 2%. August’s 20% surge in European gas prices suggests disinflation could be slow. It is too soon to rule out a September hike.A Wall Street sign is pictured outside the New York Stock Exchange in New York, Oct. 28, 2013.Bond investors are keen to leave behind a painful August that saw a rethink of how long rates will stay higher as a strong U.S.
Now, benchmark 10-year U.S. Treasuries are set for their worst monthly performance since February, with yields up nearly 30 basis points in August. But a gloomier outlook has seen smaller rises in German and British yields.Headquarters of the People's Bank of China , the central bank, is pictured in Beijing, China Sept. 28, 2018.
President Xi Jinping told a BRICS summit that China’s economy is a “giant ship” that will “forge ahead.” PMIs on Thursday and Friday will give the latest evidence of any leaks.A woman washes clothes on May 26, 2023 in the partially dried bed of the Sher Dahad River, in Amdogra village, Peth Taluka, Nashik, Maharashtra, India.El Nino - having emerged for the first time in seven years - is posing a growing threat to global food supplies with the U.S.