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CNBC Daily Open: Earnings in full swing, Treasury yields hit new highs

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U.S. stock markets slid against rising Treasury yields, which touched 2007 highs, and as earnings season kicks into full swing.

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribestarted the day on the back foot, with stocks in Japan, South Korea and Hong Kong seeing falls of about 2% each by midday trading. Hong Kong-listed shares ofthat missed expectations on both earnings and revenue for the first time since the second quarter of 2019.

Traders are still expecting an over 85% chance that the Fed will hold its rates steady when it announces its next monetary decision on Nov. 1, but the retail sales figure has given way to some bets of another hike in December.

 

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U.S. stocks open lower as Treasury yields jump after retail sales stronger than expectedChristine Idzelis is a markets reporter at MarketWatch and is based in New York.
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