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Strong US and European corporate results helped stock markets initially rebound on Wednesday, but rising crude prices kept inflation concerns alive and trading choppy even as bond yields eased after having touched fresh multiyear highs.
Strong U.S. and European corporate results could not stop a slide on Wall Street, where the Nasdaq entered a correction, as rising crude prices kept inflation concerns alive even as bond yields...
By Daniel Leussink TOKYO (Reuters) - Asia's share markets struggled on Wednesday as U.S. Treasury yields hit fresh two-year highs and a global technology stock sell-off unsettled investors worrying about inflation and bracing for tighter U.S. monetary policy.
(Bloomberg) -- European equities rose on Tuesday as investors eyed signs of a robust start to the latest earnings season, which outweighed lingering inflation concerns. The Stoxx Europe 600 Index gained 0.3% by the close in London, with utilities, technology and financial services leading gains, while food and beverage and telecoms sectors underperformed. Airlines were weighed down by concern about rising fuel costs, Covid-19 infections in the U.K. and London Heathrow airport’s plan to lift its charges. European stocks have recovered some ground after slumping in September on concern that ce...
Budget: ‘Now not the time for harsh cleansing of the economy’, warns Brewin Dolphin's chief strategist The UK government’s actions throughout the Covid pandemic, to protect the livelihoods of many., has led to a national debt pile not seen since World War 2. No wonder all eyes are now on next week’s Budget. With the vaccine rollout well under way, thoughts are slowly turning to how the UK can reduce its debt, and what steps it can take to speed up economic recovery now the Covid storm seems to gradually settle. City A.M. caught up with Guy Foster, chief strategist a...