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By Reuters Staff Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr
MILAN, Feb 11 (Reuters) - Euro zone core bond yields inched lower in early Thursday trade as global markets focused on a dovish Federal Reserve outlook after a soft reading on U.S. inflation.
Italian bond yields remained around recent lows before a bond auction as Mario Draghi was expected to present his new government coalition in the next few days.
Italy’s 5-Star Movement, the party with the largest number of lawmakers, will hold an online vote on Thursday on whether to support a government led by Draghi, a former European Central Bank chief. It urged its members to vote yes.
Why stock market is on a ‘highway to the danger zone,’ according to CNBC’s Cramer MarketWatch 2/12/2021
KEY WORDS
Investors are observing the U.S. stock market’s assault on fresh record highs with a certain measure of unease and perhaps for a good reason.
The pandemic is still at or near full-strength, although hope remains strong that effective vaccines will quell the spread. A hoped-for recovery in the second half of the year seems a ways away and Federal Reserve Chairman Jerome Powell said as much during a webcast talk hosted by the Economics Club of New York on Wednesday.
By Reuters Staff
3 Min Read Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds Italy s yield record low)
MILAN, Feb 11 (Reuters) - Euro zone borrowing costs fell on Thursday, with Italy’s 10-year bond yield dropping to an all-time low, as global markets focused on a dovish Federal Reserve outlook after an unexpectedly soft reading on U.S. inflation.
The European Commission, meanwhile, said the euro zone economy would rebound less than earlier expected from the coronavirus slump this year, adding that 2022 growth would be stronger than earlier thought.
Germany’s 10-year government bond yield was down 2.5 basis points at -0.463% after hitting a one-week low at -0.474%.
Provided by Dow Jones
By Caitlin Ostroff and Michael Wursthorn U.S. stocks dropped Thursday, giving up earlier gains and suggesting investors are at an impasse following last month s stretch of wild trading. The S&P 500 slipped from session highs, as losses accumulated across shares of communications, industrial, energy and financial companies. The market s lone bright spot Thursday, tech stocks, gave up around half of their gains, hobbling, for the moment, at attempt at a gain for major indexes. The S&P 500 was recently down 0.1%, while the Dow Jones Industrial Average slid 107 points, or 0.3%. The Nasdaq Composite was up 0.2% in recent trading.