EU Commission cuts euro zone growth forecasts, blames trade wars

By Francesco Guarascio BRUSSELS, July 12 : The European Commission cut on Thursday its forecasts for the euro zone’s economic growth this year, saying the main causes for the revision were trade tensions with the United States and rising oil prices which are pushing the bloc’s inflation higher. The slowdown of the euro zone economy […]

title=”UPDATE 1-Euro zone bond yields drop as US, China exchange tariff threats” data-text=”UPDATE 1-Euro zone bond yields drop as US, China exchange tariff threats” dir=”auto” class=”headline”>Euro zone bond yields drop as US, China exchange tariff threats

By Abhinav Ramnarayan LONDON, June 19 : Euro zone government bond yields dropped across the board on Tuesday morning, tracking U.S. Treasury yields lower, as an escalating trade conflict between the United States and China fuelled demand for safe-haven assets. U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 […]

Italy’s bond yields set for biggest weekly jump in over a year

By Dhara Ranasinghe LONDON, May 18 : Italian government bond yields were set on Friday for their biggest weekly jump in over a year, with unease over the plans of a coalition government taking shape in Rome keeping upward pressure on borrowing costs. The common government policy agenda of Italy’s two anti-establishment parties includes the […]

Italian bond yields fall, but still set for biggest weekly rise since Feb

By Abhinav Ramnarayan LONDON, May 11 : Investors bought up Southern European government bonds on Friday, taking advantage of a rise in yields on the back of Italian political concerns, though Italian 10-year yields were still set for their biggest weekly rise since February. Italian, Spanish and Portuguese 10-year borrowing costs dropped 2-3 basis points, […]

Confident Fed pulls euro zone bond yields higher, overshadows Iran worries

By Saikat Chatterjee LONDON, May 9 : European bond yields edged higher on Wednesday following a climb by benchmark short-dated U.S. yields to a near-decade high, as investors focused on a confident U.S. Federal Reserve rather than fresh geopolitical concerns. U.S. bond yields initially fell across maturities after U.S. President Donald Trump’s announcement on Tuesday […]