Shares Drop for Third Day, Yields Soar as Markets Brace for Rate Hikes

LONDON—Global shares fell for a third successive day on Tuesday, while bond yields on both sides of the Atlantic soared on anxiety over when central banks might raise interest rates. MSCI’s All Country World Index, which tracks shares across 49 countries, was down 0.3 percent on the day after the start of trading in Europe. The 10-year U.S. Treasury yield hit 1.5444 percent, its highest level since Jun. 17, pulling up euro zone bond yields in its wake. Two-year Treasury yields surged to 18-month highs. A market measure of euro zone inflation expectations jumped to 1.81 percent, its highest level in two weeks. Surging yields pressured high-growth technology shares at the start of trading in Europe while fresh signs of a slowdown in China’s economy also weighed on investor sentiment, pushing the pan-European STOXX 600 index down over 1 percent. Britain’s FTSE 100 index fell 0.5 percent, while Germany’s DAX …

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Oil Climbs for Sixth Day on Supply Concerns, Brent Tops $80

Tue Sep 28 , 2021
TOKYO—Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support. Brent crude futures gained $1.05, or 1.3 percent, to $80.58 a barrel at 0645 GMT, after reaching its highest since […]
Oil Climbs for Sixth Day on Supply Concerns, Brent Tops $80

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