* Stocks slide again as concerns resume. * Dollar pushes back towards 20-year high. * Pressure back on UK bonds, pound after brief BoE respite. * China says stabilising currency top priority. By Marc Jones.
A look at the day ahead in U.S. and global markets from Mike Dolan. Amid all the chaos in British bond markets, the forced intervention by the Bank of England to buy gilts has given some investors a crumb of comfort about the limits of central bank tightening.
STOCKS: The benchmark BSE Sensex fell 188.32 points, or 0.33%, to 56,409.96, as futures indicated that the overnight rally in U.S. equities was unlikely to sustain.
A look at the day ahead in U.S. and global markets from Mike Dolan. Amid all the chaos in British bond markets, the forced intervention by the Bank of England to buy gilts has given some investors a crumb of comfort about the limits of central bank tightening.
Yields on British government bonds rose moderately on Thursday, a day after they plunged when the Bank of England said it would temporarily buy long-dated debt in a bid to quell a gilts sell-off that threatened the country's pension funds.
* Stocks slide again as concerns resume. * Dollar pushes back towards 20-year high. * Pressure back on UK bonds, pound after brief BoE respite. * China says stabilising currency top priority. By Marc Jones. Investors pedalled into another cycle of selling on Thursday as the dollar tightened its hold on the currency markets, recession fears sapped stocks and bonds suffered more interest rate pain.
Euro zone government bond yields rose on Thursday as German data shifted the focus of investors to surging inflation as they resumed selling gilts after the Bank of England stepped in to quell a storm in the UK market.
STOCKS: The benchmark BSE Sensex fell 153.73 points, or 0.27%, to 56,444.55, while the broader NSE index gained 3.75 points, or 0.02%, to 16,862.35, after staying higher in early session, as traders cut positions ahead of monthly derivative expiry on Thursday.
Oil prices firmed on Thursday, erasing earlier losses, on indications that OPEC+ might cut output, though a stronger dollar and weak economic outlook kept a lid on gains.
Japanese government bond yields fell almost across the board on Thursday, tracking global peers after the Bank of England announced an emergency bond-buying programme in order to cool down a plummeting gilt market.
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