Metro shares punished after profit warning. European stocks finished at their highest in more than 10 weeks Monday, with a turnaround in the market aided by gains for financial stocks as bond yields rose, moves that came ahead of this week's European Central Bank meeting. The Stoxx Europe 600 index closed up 0.4% to 383.18, the best close since Feb. 2, according to FactSet data.
Government bond yields climbing and a shrinking gap between short-term and long-term Treasury rates have prompted some consternation on Wall Street, driving equity prices lower as investors fret about what these dynamics mean for U.S. economic growth as it enters its ninth year of expansion. Fears about a so-called flattening yield curve have taken center stage, with investors fixated on the gap between the 2- year Treasury notes and the 10- year benchmark, which last Tuesday...
By Barbara Kollmeyer and Anora M. Gaudiano, MarketWatch. U.S. stocks switched between small gains and losses on Monday, as rising bond yields weighed on Wall Street sentiment. The closely watched yield on the 10- year Treasury note climbed, approaching a psychologically important 3% level.
* U.S. earnings season heats up with major tech names due. * Treasury yields near 3 pct rattle stocks, underpin dollar. * Aluminium tumbles as U.S. mulls Rusal sanctions reprieve. By Chuck Mikolajczak.
The Dow Jones Industrial Average early Monday was under selling pressure, with a decline in shares of Goldman Sachs
Group Inc. (GS), exacting the most pressure among the benchmark's 30 components. The Dow was most recently off 40 points, or 0.2%, at 24,415. The benchmark was down by as many as 62 points, with shares of Goldman contributing about 20 points, down 1.2%, or $3.18, at $248.78. A $1 swing in any one of the Dow's components equates to a 6.89- point move in the average.
* U.S. 10-year Treasury yield approaches 3 percent. * Euro, down 0.6 percent, faces big week with ECB meeting. * Dollar helped by bond yields, positive trade sentiment. * Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh. By Kate Duguid.
By Riva Gold and Joanne Chiu-- Treasury yields near 3%-- Dollar strengthens-- Alphabet to report earnings. The 10- year Treasury yield came within striking distance of 3% on Monday as a recent climb in oil prices boosted inflation expectations. Yields were last at 2.973% after settling at 2.949% late Friday in New York, the highest afternoon level since January 2014. Yields move inversely to prices.
U.S. stock benchmarks opened slightly higher on Monday, but investors were focused on climbing government bond yields and a wave of corporate results from technology companies this week. The Dow Jones Industrial Average rose nearly 50 points, or 0.2%, at 24,521, the S&P 500 index advanced 0.2% at 2,675, while the Nasdaq Composite Index climbed 0.3% at 7,168. The 10- year Treasury yield was last at 2.967% after settling at 2.949% late Friday in New York, the highest afternoon level...
By Riva Gold and Joanne Chiu-- Treasury yields near 3%-- Dollar strengthens-- Alphabet to report earnings. The 10- year Treasury yield came within striking distance of 3% on Monday as a recent climb in oil prices boosted inflation expectations. Yields were last at 2.969% after settling at 2.949% late Friday in New York, the highest afternoon level since January 2014. Yields move inversely to prices.
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