Markets slide as bond selloff spooks investors – business live

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7.01am GMT

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Global Bond Market rout pic.twitter.com/5A3tn7cRvC

Bond yields pushing higher around the globe with the U.S. and U.K. leading the way pic.twitter.com/UUnR9eCZeV

U.S. stocks fell sharply Thursday as an outsized surge in bond yields spooked investors, who rushed to dump risk assets, especially high-flying technology names.
The Dow dropped 1.8%.
The S&P 500 fell 2.5%.
The Nasdaq tumbled 3.5%. https://t.co/l6Ut7bjPJL pic.twitter.com/7w51yeFWwT

European Opening Calls:#FTSE 6584 -1.03%#DAX 13724 -1.12%#CAC 5712 -1.24%#AEX 653 -1.69%#MIB 22776 -1.25%#IBEX 8229 -1.07%#OMX 2011 -1.35%#STOXX 3636 -1.33%#IGOpeningCall

Investors dropped their sovereign bond holdings like a hot potato as all new piece of data pointed at improvement in economic conditions and called for rising inflation.

Equities dived along with the sovereign bonds. Nasdaq led losses with a sizeable 3.52% drop as tech stocks fell big as a result of a mass migration from growth to value stocks. Nike, Caterpillar, Johnson & Johnson and Goldman Sachs were among the rare stocks finishing the session higher. Apple, Microsoft and Disney fell, as Tesla shed 8%.

European stock futures slide over 1% as surging bond yields roil equity markets https://t.co/lhMXgmeP9n pic.twitter.com/WOVh4y6lA6

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