Market mind: Dollar glimmers in broad market gloom

A look at the day ahead in European and global markets from Tom Westbrook German and Spanish inflation data and European consumer confidence data due today seem unlikely to pierce the gloom that'sA look at the day ahead in European and global markets from Tom Westbrook

Oil's spike to one-year highs has poured fuel on selling in the bond market and further pumped up the dollar, while global stocks have dropped for nine sessions in a row. The greenback stands at a 10-month high against a basket of other majors, and 10-year Treasury yields are hovering at a 16-year peak. [MKTS/GLOB]

The Republican presidential candidates' debate on Wednesday produced no breakout that could upend a race Donald Trump has dominated for months. Evergrande, the world's most indebted developer with more than $300 billion in total liabilities, is at the centre of an unprecedented liquidity crisis in China's property sector, which accounts for roughly a quarter of the economy.

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Market mind: Dollar glimmers in broad market gloomGerman and Spanish inflation data and European consumer confidence data due today seem unlikely to pierce the gloom that's enveloped markets in recent days. Oil's spike to one-year highs has poured fuel on selling in the bond market and further pumped up the dollar, while global stocks have dropped for nine sessions in a row. The greenback stands at a 10-month high against a basket of other majors, and 10-year Treasury yields are hovering at a 16-year peak.
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Dollar Gains Heap Pressure on Emerging-Market Stocks, CurrenciesEmerging-market stocks fell to the lowest level since March as a strengthening dollar and elevated US yields damped investor appetite for riskier assets.
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