* TSX ends down 521.70 points, or 2.8%, at 18,480.98. * Energy tumbles 7.8%; oil settles 5.7% lower. * Canadian dollar hits a 2-year low at 1.3612. * Canadian retail sales fall 2.5% in July. By Fergal Smith.
* TSX falls 525.42 points, or 2.8%, at 18,477.26. * Energy tumbles 7.5%; oil settles 5.7% lower. * Canadian dollar hits a 2-year low at 1.3612. * Canadian retail sales fall 2.5% in July. By Fergal Smith.
Two-year yields hit
15-year highs on Friday and the yield curve inversion deepened
as investors fretted that central banks globally will keep
tightening monetary policy to tackle soaring inflation.
* MSCI All-World index hits 2-year low. * Dollar reaches new two-decade high. * Sterling and gilts sell off after UK 'mini-budget' * Treasuries head for 8th weekly loss. By Herbert Lash, Amanda Cooper and Tommy Wilkes.
Britain's central bank needs to make a big inter-meeting interest rate hike as early as next week to calm markets and restore credibility, a Deutsche Bank analyst said on Friday.
* Precious metals set for weekly falls. * U.S. dollar hits 20-year high. * Benchmark 10-year yields jump to 12-year highs. By Kavya Guduru. Gold prices dropped over 1.5% to their lowest since April 2020 on Friday, hurt by an unrelenting rally in the U.S. dollar and Treasury yields as the Federal Reserve adopts a more aggressive stance to check surging inflation.
The Canadian dollar
weakened to its lowest level in more than two years against its
U.S. counterpart on Friday as the sell-off in global equity
markets continued and domestic data showed retail sales ...
Benchmark 10-year yields
jumped to 12-year highs on Friday and two-year yields were the
highest since 2007 as investors fretted that central banks
globally will keep tightening monetary policy to ...
* MSCI All-World hits 2-year low. * Dollar reaches new two-decade high. * Sterling and gilts sell off after UK 'mini-budget' * Yen lower but traders wary of more intervention. * Treasuries head for 8th weekly loss. By Amanda Cooper and Tommy Wilkes.
Germany's 2-year government bond yield reached the highest since 2008 on Friday as economic plans revealed by the British government led to jumps in gilt yields and dragged on wider euro zone bond prices.
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