Euro zone government bond yields fell for the first time in three days on Tuesday, after two European Central Bank officials signalled inflation and rates may be close to peaking in the run-up to a raft of major central bank decisions.
STOCKS: The benchmark BSE Sensex fell 208.24 points, or 0.33%, to 62,626.36, while the broader NSE index dropped 55.5 points, or 0.30%, to 18,645.55, tracking decline across Asian gauges after robust U.S. data prompted worries over how high rates could rise.
Euro zone government bond yields drifted lower on Tuesday, after the European Central Bank's chief economist said inflation was likely close to peaking, and investors prepared for a raft of major central bank decisions.
STOCKS: The benchmark BSE Sensex fell 291.7 points, or 0.46%, to 62,542.9, tracking decline across Asian gauges after robust U.S. data prompted worries over how high rates could rise.
Japanese government bond yields rose on Tuesday as demand for 30-year notes was lower compared with the previous auction, while futures fell as U.S. Treasury yields climbed overnight on strong economic data.
A look at the day ahead in European and global markets from Anshuman Daga. Just as missile attacks fuel worries of emergency blackouts in Ukraine, global equities are also feeling the pain from U.S. economic data that is stoking fears the Fed could go higher for longer. Treasury yields are up, the dollar is standing firm after its biggest rally in two weeks and risk-off sentiment is holding sway.
A look at the day ahead in European and global markets from Anshuman Daga. Just as missile attacks fuel worries of emergency blackouts in Ukraine, global equities are also feeling the pain from U.S. economic data that is stoking fears the Fed could go higher for longer. Treasury yields are up, the dollar is standing firm after its biggest rally in two weeks and risk-off sentiment is holding sway.
Indian government bond yields tracked an overnight rise in U.S. yields to open higher early on Tuesday, as a unexpected pick-up in the U.S. services industry rekindled expectations of the Federal Reserve continuing to raise interest rates in 2023.
* Strong ISM services data for November rattles investors. * Data supports further Federal Reserve rate hikes. * All S&P 500 sectors decline, energy stocks hit hard. * Crude oil prices tumble about 3% By Herbert Lash and Elizabeth Howcroft.
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Herbert Lash and Elizabeth Howcroft. Global stocks and Treasury prices fell on Monday as new evidence of a strong U.S. economy raised fears that interest rates will stay higher for longer, eclipsing China's easing of pandemic restrictions.
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