Wednesday, 27 Jan 2021 07:15 AM MYT
The Dow Jones Industrial Average fell 22.96 points, or 0.07 per cent, to 30,937.04, the S&P 500 lost 5.74 points, or 0.15 per cent, to 3,849.62 and the Nasdaq Composite dropped 9.93 points, or 0.07 per cent, to 13,626.07. Reuters pic
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NEW YORK, Jan 27 ― Global stocks slipped from record levels yesterday, with investors cautious as the Federal Reserve kicked off its two-day policy meeting and US lawmakers continued to debate a new stimulus plan.
Those concerns overshadowed impressive results from a slew of companies, including from General Electric and Johnson & Johnson, which had earlier pushed the S&P 500 to a record high.
Bonds subdued after Italy rally on Monday, Tuesday Focus on U.S. Federal Reserve
AMSTERDAM, Jan 27 (Reuters) - Euro zone bond yields held ground on Wednesday as focus turned to a flurry of government bond sales in the bloc.
Austria and Greece launched sales of new 10-year bonds, and Slovenia is selling a new 60-year bond, all three via syndication, according to lead manager memos seen by Reuters and a bourse filing.
In syndications, investment banks sell bonds directly to end investors, allowing borrowers to issue larger amounts and reach a wider investor base.
They join larger governments like Italy, Spain and France who sold bonds via syndication earlier this month as part of the usual January cycle, most of which received record demand as investors bet that European rates will stay lower for longer.
Conte, a once obscure law professor, has already led two governments of different political shades since taking office after the 2018 general election.
Italy s premier to resign due to lack of support for gov t coalition laprensalatina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laprensalatina.com Daily Mail and Mail on Sunday newspapers.
Italian Prime Minister Giuseppe Conte will resign on Tuesday morning to avoid a damaging defeat in the Senate and maneuver for a return at the head of a new government.