Key Points
LONDON/WASHINGTON (Reuters) U.S. stocks opened lower Tuesday while government bond yields remained higher, as stronger-than-expected U.S. retail sales data bolstered concerns over the Federal Reserves efforts to tame inflation...
Given the fact that we are so hyper-vigilant about the Fed and what their next step will be in September, it isnt surprising that the market reacted with jitters, given that the retail sales number might indicate that the Fed would continue to raise rates, said Peter Anderson, founder of Andersen Capital Management in Boston...
U.S. 10-year Treasury yields hit 10-month highs, reaching as much as 4.274% earlier in the day before dipping back to 4.19%, while Germanys benchmark 10-year bond yield rose to its highest since March as a selloff in bonds, driven in part by resilient U.S. economic growth, deepened...
Emerging markets remained in focus a day after Argentina devalued its currency by nearly 18%, while Russias central bank on Tuesday raised interest rates by 350 basis points at an extraordinary meeting following a fresh slide in the rouble...
Russias central bank, meanwhile, hiked its key interest rate by 350 basis points to 12%, an emergency move to try to halt the roubles recent slide after a public call from the Kremlin for tighter monetary policy...
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