Global stocks retreat as Chinese markets rally, euro steady ahead of ECB meeting. Chinese blue-chips surge while European equities and US stock futures decline. Investors await ECB monetary policy decision and guidance on rate cuts from President Lagarde. Nokia's positive earnings offset by pressure on financials and healthcare sectors. Tesla shares drop following an earnings miss. German government bond yields rise, US Treasury yields remain unchanged. Dollar faces pressure as investors take profits, leading to gains in the euro. BNY Mellon strategist expresses confidence in Chinese market stability. Brent crude futures rise. Yen remains steady after a one-day rally against dollar. Global markets await ECB decision and monitor economic indicators and central bank communications.
Bitcoin and small stocks surge as U.S. Treasury yields tumble, sparking a broad equity rally. The decline in yields makes speculative assets more attractive, signaling a positive trend in the market. However, concerns about inflation remain. (149 characters)
Global stock market declines as U.S. Treasury yields rise and labor market data fuels expectations of aggressive Federal Reserve rate hikes to combat inflation.
Indian bond yields follow US Treasuries, rising as odds for a Fed rate hike increase. AU Small Finance Bank sees this trend persisting for the next few days.
Indian bond yields largely unchanged as markets await state debt auction and Reserve Bank of India's upcoming monetary policy decision. Indian states aim to raise INR 173 billion ($2.09 billion) from bond sales, following the trend of rising supply. New Delhi is set to borrow INR 390 billion through bond sales on Friday. The RBI is expected to leave key interest rates unchanged for June and the rest of 2023. US Treasury yields remain stable.