World Shares Mixed After Broad Slide on Wall Street

Shares rose Wednesday in Europe after sharp declines in Asia that tracked a broad slide on Wall Street on jitters over rising prices and surging U.S. government bond yields. A swift rise in Treasury yields is forcing investors to reassess whether prices have run too high for stocks, particularly the most popular ones. On Tuesday, the yield on the 10-year Treasury jumped to 1.54 percent, its highest level since late June. That’s up from 1.32 percent a week ago. Early Wednesday, it had fallen back to 1.50 percent. “What we got here is stock market that finally looks vulnerable as Treasury yields surge, oil prices look like they could easily hit $90 a barrel, and as supply chain issues show no signs of easing,” Edward Moya of Oanda said in a commentary. Germany’s DAX picked up 0.7 percent to 15,358.67 and the CAC 40 in Paris also added 0.7 percent, …

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USTR Says Tai, Dombrovskis Discussed Challenges From China, Non-Market Economies

Wed Sep 29 , 2021
WASHINGTON—U.S. Trade Representative Katherine Tai and her European Union counterpart discussed common challenges posed by non-market economies, including China, during a meeting in Washington on Tuesday, Tai’s office said in a statement. Tai thanked European Commission Executive Vice President Valdis Dombrovskis “for helping to build an important bilateral partnership and […]
USTR Says Tai, Dombrovskis Discussed Challenges From China, Non-Market Economies

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