Asian shares on edge as U.S. bond yields rise, oil volatile
Share markets were jittery in early Asia on Wednesday as trading was buffeted by a step-up in U.S. Treasury yields as well as volatile oil prices in the face of price-cooling moves by the United States and other nations.
Stocks slip, short-term yields leap with inflation
Tech shares slipped and short-term Treasury yields jumped on Wednesday as investors expect inflation to prompt interest rate hikes, with a hotter-than-forecast reading in Australia the latest sign of prices pressuring central bankers to act.
Analysis: The 1970s all over again? Stagflation debate splits Wall St
Phil Orlando has not heard this many people mentioning stagflation since he was a financial journalist in the late 1970s, when oil prices were soaring and inflation stood at more than double its current level.
Decline and near fall of Italy’s Monte dei Paschi, the world’s oldest bank
A deal for the Italian government to sell Monte dei Paschi (BMPS.MI) to UniCredit (CRDI.MI)collapsed on Sunday after the two sides failed to agree terms.
Analysis: Powell’s wait-and-see speech reassures some investors
U.S. Fed Chair Jerome Powell’s wait-and-see approach in a much-anticipated address on Friday gave investors and market participants some reassurance that the central bank’s extraordinary efforts to prop up the economy were likely to support riskier assets a while longer.
Asian shares rise on dovish Fed prospects but China caps gains
Asian shares perked up and the dollar fell to two-week lows on Monday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone at the central bank’s long-awaited symposium, although investors remained cautious about prospects in China.
U.S. Treasuries’ foreign ownership in June rises to highest since Feb 2020 -data
Foreign holdings of U.S. Treasuries in June climbed to their highest since February 2020, Treasury Department data showed on Monday, in what analysts described as broad-based demand that helped drive yields lower for the month.
Italy’s Treasury under siege over Monte dei Paschi deal
Italy’s Treasury is under fire from ruling parties seeking guarantees for Monte dei Paschi’s employees and Siena’s local economy, after the ministry entered exclusive talks to sell the ailing Tuscan bank to UniCredit.
MORNING BID A new sunny day, with the same old clouds
It’s a new week, a new month and time for a fresh start – but the problems niggling at markets this morning are still the same.
Yellen urges EU to back global tax deal, consider more fiscal support
BRUSSELS, July 12 (Reuters) – U.S. Treasury Secretary Janet Yellen urged European Union countries on Monday to sign on to a global deal to revamp corporate taxation, keep fiscal support through 2022 and consider more spending in the face of COVID-19 uncertainty. “We need sustainable sources of revenue that do not rely on further taxing […]
