LONDON: Global bond yields rose on Monday, amid growing caution over the extent to which the European Central Bank will add stimulus to boost an ailing economy this week and rising hopes that Berlin could loosen its purse strings.
However, there is a growing chorus of opinion that ECB policymakers and other central banks with negative interest rates and sub-zero long-term sovereign bond yields are nearing the limits of stimulus policies. The U.S. Federal Reserve is also widely expected to cut interest rates next week as policymakers race to shield the global economy from risks, which also include Britain's planned exit from the European Union.
In Europe, the pan-European stocks benchmark index STOXX 600 fell 0.4per cent in a second day of losses."China inflation data was probably the worst combination of prints the market could have hoped for," said Stephen Innes, Market Strategist AXI Trader. U.S. stock futures pointed to a lower open on Wall Street after the S&P 500 ended flat in New York on Monday.
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