Futures Tumble, Cryptos Crumble As Yield Blowout Accelerates zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
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 0.4% after the start of European trade. The pan-European STOXX 600 index was down 1%, at its lowest in 10 days. Germany s DAX, France s CAC 40 and Spain s IBEX 35 index fell 1% each, Britain s FTSE 100 lost 0.85% and Italy s FTSE MIB index fell 0.9%. [.EU] S&P 500 futures fell to their lowest since Feb. 4, down 1% on the day. [.N] Bonds have been bruised by the prospect of a stronger economic recovery and greater borrowing as President Joe Biden s $1.9 trillion stimulus package progresses.
Asia share market edges up as bond yields, resources steal the show business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
World stock markets nosedive as bond yields, commodities surge gulftoday.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulftoday.ae Daily Mail and Mail on Sunday newspapers.