World shares sank on Monday as expectations for faster economic growth and inflation battered bonds and boosted commodities, while rising real yields made equity valuations look more stretched in comparison. MSCI’s All Country World Index, which tracks shares across 49 countries, was down 0.25% by midday in London. The pan-European STOXX 600 index was down .
Asia shares edge up as bond yields, resources steal the show - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
US 10-yr yields reach 12-month peak of 1.38%; Fed Chair Powell likely to reiterate to Congress to keep policy super easy for as long as needed to drive up inflation; ECB’s Lagarde too expected to sound dovish in speech later today
Global stock markets fell on Monday as expectations of faster growth and quickening inflation battered bonds, boosted commodities and led to a further rotation out of the big tech names that have driven the equity rally during the pandemic.