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Wall Street opened sharply lower and stock markets in Europe were off about 3 percent after Spain’s borrowing costs rose to record levels.
Similar Stories to Global Stocks Sink As Spanish Bond Yields Soar on Bing News
By RAPHAEL MINDER, New York Times
Mon, 07/23/2012 - 6:52am
Sections: news
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Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More - In Germany, a U.S. beer invasion
Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More - Cyprus parliament approves bailout
Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More - Baby food shortage in Europe due to China demand
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The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More
BING NEWS:
- Billionaire 'bond king' Bill Gross says soaring Treasury issuance means bond yields can't come down anytime soon
The billionaire investor and PIMCO co-founder wrote in a note on Thursday that the US fiscal deficit, largely driven by a massive rollout of Treasury bonds, is now deemed a "necessity" to propel the ...
05/2/2024 - 5:30 am | View Link - Higher Bond Yields May Prove a Headwind for Stocks
Treasury yields have been rising fast, hitting new 2024 highs last week. Many worry rebounding yields will hamper further gains for stocks, which are relatively expensive compared with corpo ...
04/29/2024 - 11:05 am | View Link - Stocks Are Tumbling, Bond Yields Jump
Stocks pushed lower and the bond market sold off sharply ... The yield on a 10-year note rose to the highest point for the year at 4.722%. Higher yields lower the value of investors' bond holdings.
04/25/2024 - 2:36 am | View Link - Stocks Mixed on Rising Bond Yields
Strength in technology stocks is supportive of the overall market. Tesla is up more than +11% despite reporting weaker-than-expected Q1 EPS after it said it will accelerate the launch of ...
04/24/2024 - 4:14 am | View Link - Stocks sink, oil surges on reports of Middle East attacks
By Kevin Buckland TOKYO (Reuters) -Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities.
04/18/2024 - 3:43 pm | View Link - More
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