* Aussie, Kiwi fall more than 1% * Pound knocked below $1.39. * Bitcoin slips 5% * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E. By Ritvik Carvalho. The U.S. dollar rose against most major currencies on Friday, lifted by an increase in U.S. bond yields overnight, while risk currencies such as the pound, Aussie and Kiwi dollar took a knock lower.
An overnight jump in U.S. Treasury yields showed some signs of subsiding in cautious European trading on Friday, thanks to a broader retreat in euro zone yields, but worries about rising inflation expectations weighed on sentiment. Benchmark 10-year U.S. borrowing costs rose to their highest in a year at 1.614% overnight, rocking stock markets.
International stocks dropped Friday, tracking declines in U.S. indexes, as a selloff in bonds helped dent investor appetite for richly valued shares. Treasury notes rose in price, regaining some of the previous session's losses, and futures suggested stocks in New York could stabilize or gain slightly in Friday trading. Investors said the market had been reassessing prospects for interest-rate increases by the U.S.
* Wall Street tumbles as inflation fears nag. * Nasdaq in biggest one-day decline in four months. * Oil prices settle up. * Reuters Live Markets blog: By Echo Wang. Asian stocks opened sharply lower on Friday after Wall Street's main indexes tumbled, with technology-related stocks under pressure following a steep rise in benchmark U.S. Treasury yields.
The Dow Jones Industrial Average tumbled more than 550 points Thursday as a wave of selling that began in the technology sector took down swaths of the market. Stocks' momentum has faltered the past week as investors have faced a sharp and swift rise in bond yields. The yield on the benchmark 10- year Treasury note marked its biggest one-day advance since November and settled at its highest level in a year.
* U.S. 10-year Treasury yield rises above S&P 500 div yield. * Nasdaq posts largest daily fall since late October. * Weekly jobless claims decline. By Gertrude Chavez-Dreyfuss. Wall Street's main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields.
U.S. stocks tumbled Thursday as a wave of selling spread beyond the technology sector, taking down swaths of the market. The Dow Jones Industrial Average, as of 4 p.m. ET, dropped 561 points, or 1.8%, after closing Wednesday at an all- time high.
* Ten-year Treasury yield briefly spikes to 1.6% * Wall Street tumbles as inflation fears nag. * Nasdaq in biggest one-day decline in four months. * Copper nears decade peak, oil prices settle up. * Reuters Live Markets blog: * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Herbert Lash and Marc Jones.
The Canadian dollar weakened on
Thursday by the most in four weeks against the greenback, as
surging U.S. bond yields pressured global equity markets, with
the loonie pulling back from a three-year ...
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