Bond yields grind to highest since June, stocks wince



World stocks started the week in the red Monday as the dollar touched a 7-month high and U.S. and European government bond yields - the main driver of global borrowing costs - climbed to their highest since June.
Riskier assets have had a difficult few weeks, undermined by concerns about a potential rise in U.S. interest rates, the outcome of U.S. elections, Britain's departure from the EU and the health of German and Italian banks.
China and Hong Kong had pulled Asian stocks lower overnight and Europe fell early on as weak-looking updates from media group Pearson and Norwegian seafood... read more

 
17 October 2016 in World News, Views: 28
Source: Reuters
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