Stocks edged higher and bond prices slid on Tuesday as markets continued to retrace last week’s moves to safe-haven assets, focusing on corporate earnings prospects and the resilience of the U.S. economy rather than
In addition, a host of “favourable” signs from the strength of the U.S. consumer, economic growth, and interest rates supporting bank profits, gave reasons for hope, said Kerry Craig, a global market strategist at J.P. Morgan Asset Management. The 10-year Bund yield was last 2.793%, and the 10-year Treasury yield 4.7375%, having fallen 15 basis points last week - the biggest weekly decline since mid-July - and dipped as low as 4.53%, a sharp reversal from early October’s 16-year high of 4.887%.
Israel’s shekel remained on the weak side of the 4 per dollar level it softened to for the first time since 2015 on Monday. In a reminder of problems in China’s property sector, however, Tuesday marks the end of a 30-day grace period on a late payment from developer Country Garden. If investors do not receive the coupon payment, all of Country Garden’s offshore debts will be deemed in default.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »