Bloomberg.- India’s bond rout is deepening as Prime Minister Narendra Modi’s expansionary budget prompts a hawkish turn from the central bank.
Bloomberg.- It’s getting harder and harder to quarantine the selloff in Treasuries from equities and corporate bonds.
Bloomberg.- Stocks kicked off the penultimate week of the year on a positive note after a Republican agreement on the shape of U.S. tax cuts aimed at boosting growth in the world’s largest economy. The dollar dropped and Treasuries headed lower.
Bloomberg.- Bonds followed stocks higher as investors prepare to parse second-quarter earnings for more evidence global economic growth is back on track. Oil traded near the lowest closing price in two weeks.
Bloomberg.- The euro extended declines and bonds rose as European political risk ensured an ongoing demand for havens. The dollar edged higher before the release of Fed minutes.
Bloomberg.- Bonds fell and the dollar rose against most of its peers as reflation trades came back into focus after a promise by U.S. President Donald Trump to overhaul business taxes. Banking stocks led European equities lower as political risk plagued the region.
Bloomberg.- The MSCI All-Country World Index and a gauge of German stocks headed for the highest closing level since 2015 as European equities were swept up in trades favoring banks and cyclical companies as the agents of economic growth. Bonds fell as investors rotated toward shares. The Mexican peso slumped after U.S. President Donald Trump said he plans to unveil actions that include steps toward building a border wall. A gauge of commodities dropped for the first time in three days as oil fell on increased U.S. stockpiles.
Bloomberg.- Oil traded near the highest level since July last year while New Zealand’s dollar and Russia’s ruble led gains among currencies of commodity-producing nations. European bonds advanced.
Bloomberg.- European stocks climbed to their highest this year, while bonds and gold fell, demonstrating markets’ increasing resilience to geopolitical shocks. The yen slid after the Bank of Japan maintained its stimulus plan.
Bloomberg.- The dollar climbed to the highest level since 2003 against the euro as the prospect of a steeper path for U.S. interest rates next year filtered through markets. European bank stocks climbed while bonds and gold slumped.