* Stocks slide on bearish earnings, economic data. * China talks stimulus, but economic damage already done. * Euro near 4-week high as Lagarde flags July rate hike. By Herbert Lash and Lawrence White.
U.S. Treasury yields fell to
one-month lows on Tuesday after data pointed to a cooling
economy as the Federal Reserve presses on with aggressively
hiking interest rates to tackle soaring inflation.
Gold prices rose to their highest in two
weeks on Tuesday, with the safe-have metal benefiting from a
wilting U.S. dollar and as Treasury yields declined on subdued
risk appetite.
Spot gold ...
U.S. Treasury yields dipped on
Tuesday as weakness in equities revived safe-haven demand for
the debt, and the closely watched two- to 10-year yield curve
flattened before a sale of two-year notes.
The Canadian dollar edged lower
against its U.S. counterpart on Tuesday as equity markets
globally gave back some of the previous day's rally and a
preliminary domestic estimate showed ...
Euro zone bond yields fell on Tuesday as sliding stock markets and news of a sharp slowdown in UK business activity offered investors a respite from the increasingly hawkish messages coming from the European Central Bank chief.
Italy's 10-year bond yield hit a two-week high and Greek yields rose to their highest levels since March 2020 for a third straight session on Tuesday, as the European Central Bank's chief again reminded edgy markets that rate hikes are coming.
A look at the day ahead in markets from Julien Ponthus. European Central Bank President Christine Lagarde openly admitted for the first time what investors had already been betting on for a while: negative interest rates, a eurozone feature for eight years, will most likely be gone by the end of summer.
A look at the day ahead in markets from Julien Ponthus. European Central Bank President Christine Lagarde openly admitted for the first time what investors had already been betting on for a while: negative interest rates, a eurozone feature for eight years, will most likely be gone by the end of summer.
Japanese government bond yields fell on Tuesday after an auction drew solid demand, even as U.S. Treasury peers rose overnight. The 10-year JGB yield fell 0.5 basis point to 0.230% and the 20-year JGB yield fell 0.5 basis point to 0.720%. The liquidity auction received bids worth 4.33 times the amount available, lower than the bid-cover ratio of 4.65 at the previous auction.
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