WASHINGTON, July 12 ― World equities and US bond yields fell yesterday as investors prepare for fresh inflation data and corporate earnings that may be seen as potentially...
WASHINGTON, July 12 ― World equities and US bond yields fell yesterday as investors prepare for fresh inflation data and corporate earnings that may be seen as potentially influencing the Federal Reserve’s path ahead for interest-rate increases.
Germany's 10-year government bond yield, the euro zone benchmark, fell 5 bps to 1.296 per cent. It hit a five-week low at 1.072 per cent last week. The Dow Jones Industrial Average fell 0.42 per cent, the S&P 500 lost 1.04 per cent and the Nasdaq Composite dropped 2.02 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan closed 2.07 per cent lower, while Japan's Nikkei rose 1.11 per cent. Chinese blue chips lost 1.9 per cent after Shanghai discovered a Covid-19 case involving a new subvariant, Omicron BA.5.2.1.A hawkish Fed, combined with fears of recession, particularly in Europe, has kept the dollar up at 20-year highs against a basket of competitors.
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