* Unease over record virus cases in Europe, U.S. * German DAX hits three-month low as SAP slumps. * Investors seek dollar safety. * Italy bond yields slide after S&P move. * Eyes this week on central bank meetings, U.S. GDP data. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. By Tom Arnold and Wayne Cole.
* Lira breaches 8 to the dollar, bonds also fall. * MSCI EM stocks down 0.4% * Russian rouble down; C.bank holds rates. By Ambar Warrick. Turkey's lira hit a record low on Monday on growing concerns over policy and geopolitical issues, with other emerging markets in Europe, Middle East and Africa also retreating as a second wave of coronavirus cases culled demand for risk-linked assets.
* S&P affirms Italy rating at BBB, lifts outlook to stable. * Italy's 10-yr yield down 9 bps on the news. * Spanish, Portuguese yields drop 5-6 bps. * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Abhinav Ramnarayan.
Italian government bond yields dropped between five and eight basis points across the curve on Monday after ratings agency S&P Global unexpectedly lifted the country's ratings outlook to stable from negative late on Friday. The decision removes the possibility of a near-term downgrade from BBB to BBB-, which would have put the country within one notch of a "junk" rating.
Japanese government bond prices traded slightly higher on Monday as investors turned to the safe-haven instrument after talks about a U.S. coronavirus stimulus package dragged on.
Global shares started the week on the back foot on Monday as surging coronavirus cases in Europe and the United States clouded the global economic outlook, while China's leaders meet to ponder the future of the economic giant. The United States has seen its highest ever number of new COVID-19 cases in the past two days, while France also set case records and Spain announced a state of emergency.
Global shares started the week on the back foot on Monday as surging coronavirus cases in Europe and the United States clouded the global economic outlook, while China's leaders meet to ponder the future of the economic giant. The United States has seen its highest ever number of new COVID-19 cases in the past two days, while France also set case records and Spain announced a state of emergency.
Some big-name stocks are sporting chunky dividend yields. Many yield-starved investors are still saying no thanks. Companies in the S&P 500 with at least a quarter-century record of paying out and increasing dividends-- dubbed "dividend aristocrats" by Wall Street-- have trailed the broader stock market this year.
SpeculatorsÂ’ net bearish bets on 30-year Treasury bond futures grew to a record high in the latest week, data from the Commodity Futures Trading Commission showed on Friday, potentially reflecting expectations of higher yields on longer-dated U.S. government bonds.
U.S. government bond yields posted their largest weekly gain since August, lifted by signs of economic recovery and the hopes for economic stimulus before or after the presidential election. The yield on the benchmark 10- year Treasury note reached as high as 0.87% in early trading Friday before settling at 0.84%, according to Tradeweb-- down slightly from 0.847% on Thursday. It had previously climbed for six straight sessions, reaching its highest level since early June.
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