* 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.
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.
The Canadian dollar edged lower
against its U.S. counterpart on Friday as oil prices fell and
investors weighed prospects for a U.S. coronavirus relief
package, with the loonie giving back some of ...
* Dow Jones Industrial Average up 0.2%; S&P 500 up 0.4% * U.S. Treasury yields hit 4-month highs. * European stocks boosted by strong Q3 earnings. * Britain, EU meet for Brexit talks. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Matt Scuffham.
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