Global bond yields continued to spiral lower on Thursday as recession fears fed expectations of more policy easing by major central banks, while Turkey’s lira took a 5 per cent beating as pressure ratcheted up on its volatile markets again.
Early European moves saw London’s FTSE climb 0.75 per cent and Frankfurt and Paris both add 0.4, after a 1.6 per cent tumble in Tokyo overnight had been offset by much of the rest of Asia-Pacific nudging higher. . “We think that the ongoing flattening, or outright inversion, of the curve is a bad sign for equities, as it usually has been in the past,” said Oliver Jones, markets economist at Capital Economics.
That shift came hot on the heels of a dovish surprise on Wednesday from the Reserve Bank of New Zealand, which abandoned its neutral bias to say the next rate move would likely be down.Turkey’s lira, one of the currencies at the heart of last year’s emerging market meltdown, plunged as much as 5 per cent against the dollar amid worries that the economic and geopolitical risks are on the rise again there.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global Affairs says 15 Canadians were on the cruise ship that was stranded off NorwayIn an e-mail statement, department spokesman Stefano Maron says one of the 15 was injured, and consular officials are in contact with those involved A cruise and a free helicopter ride! Great deal.
Source: globeandmail - 🏆 5. / 92 Read more »
These two global forces will shape your investing returns for decades to comeTom Bradley: Forget Trump and Brexit. These other two trends will have a bigger impact on returns
Source: nationalpost - 🏆 10. / 80 Read more »
Weak factory activity in U.S., Europe and Japan dent hopes for a global economic recoveryIn New York, the spread between the three-month U.S. Treasury bill yield and the 10-year note yield narrowed to a 12-year low – a sign of concern among investors about the growth outlook
Source: globeandmail - 🏆 5. / 92 Read more »
Canada is the exception to populism’s global riseHowever, in the cases of Canada, France and Germany, the share of the vote going to populist political parties has generally increased since 1998 GlobeDebate Not so sure about this one... GlobeDebate Give it time. GlobeDebate Did y'all forget Scheer and Ford exist
Source: globeandmail - 🏆 5. / 92 Read more »
Global News’ Dawna Friesen wins Best News Anchor at Canadian Screen AwardsDawna Friesen took home the award for her work on Global National at the Canadian Screen Awards on Tuesday night in Toronto.
Source: GlobalNational - 🏆 81. / 51 Read more »
How your small business can win big with global markets — exporting made easierOnly about 25% of small businesses in Canada export, but new programs offer help over the hurdles
Source: nationalpost - 🏆 10. / 80 Read more »
Bond yields spiral lower amid global growth gloomMSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 per cent in early trade, with South Korea off 0.7 per cent
Source: globeandmail - 🏆 5. / 92 Read more »
Canadian citizens found dead in Florida, Global Affairs confirmsGlobal Affairs Canada says it is contact with officials in Florida after a Canadian citizens was found dead.
Source: CTVNews - 🏆 1. / 99 Read more »