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MARKET WRAPS Watch For: Unemployment data from EU, Italy; France Industrial production index; U.K. Services PMI; trading updates from Legrand, Credit Agricole, Societe Generale, Intesa...
Inflation and deficits are lifting yields and jarring the stock market.
(Bloomberg) -- Currency traders warned Japan’s government that it will need to repeatedly act to buoy the beleaguered yen given economic forces likely merit further depreciation.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterYen Sparks Intervention Suspicion After U-Turn From 1990 LowsWhat 60,000 Headlines Say About the Fed’s Next MoveUS Warns ICC Action on Israel Would Hurt Cease-Fire ChancesThe y
They now think the central bank will cut by no more than 75 basis points in.
The benchmark for U.S. borrowing costs has climbed at a rate alarming to investors