Gold futures made modest moves on Thursday, with bullion holding near its lowest in nearly nine months, amid a weekly rise in the U.S. dollar and U.S. Treasury yields holding near their highest levels in a about a year. The precious metal is having a terrible year, down almost 10, and still looking very vulnerable, […]

Rates as of 0500 GMT Market Recap The volatile Treasury market continues to set the pace for other markets. You can see just how volatile it is from the graph, which shows the recent surge in the MOVE index. The MOVE index is like the betterknown VIX index of stock market volatility but for bonds; […]

OSLO Reuters Offshore drilling rig contractor Seadrill said on Thursday it had taken an additional 2.9 billion noncash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs. Seadrill, which in February filed for Chapter 11 bankruptcy protection in the United States for the second […]

LONDON, March 4 Reuters Sterling held above 1.39 against the dollar on Thursday after British finance minister Rishi Sunak rolled out an expansive annual budget designed to prop up the economy. Sterling is the bestperforming G10 currency this year, with investors expecting Britains speedy vaccination programme will help the economy to recover from its worst […]

European stocks fell on Thursday after three straight sessions of gains as a jump in U.S. bond yields knocked risk appetite globally, with heavyweight miners and travel stocks leading the retreat. The panEuropean STOXX 600 index fell 0.5 in early trading, with miners dropping 2.8 and travel leisure stocks down 1.6. UKlisted shares of Rio […]

TOKYO, March 4 Reuters Japanese shares fell sharply on Thursday as investors sold off index heavyweights including SoftBank Group and Fast Retailing following a plunge in the Nasdaq index overnight. The Nikkei share average lost 1.59 to 29,085.92 by 0149GMT, while the broader Topix declined 1.05 to 1,884.54. The decline in the Nasdaq index has […]

SYDNEY, March 4 Reuters The Australian and New Zealand dollars flatlined on Thursday after another spike in global bond yields spooked investors away from riskier assets, though sentiment was aided by data showing a record Australian trade surplus. The Aussie stood at 0.7785, having fallen from 0.7839 overnight when a jump in U.S. Treasury yields […]

The U.S. dollar fell on Wednesday as investor sentiment improved and government bond yields extended their retreat, while commoditylinked currencies such as the Australian and Canadian dollars held on to recent gains. Lower U.S. bond yields also sapped some of the dollars appeal among lowyielding currencies, with the yen and Swiss franc recovering from multimonth […]

BEIJING, March 3 Reuters Chinas coal consumption is expected to continue rising in 2021 despite Beijings pledges to boost the use of clean energy and curb greenhouse gas emissions, the China National Coal Association said on Wednesday. China, the worlds biggest coal consumer, saw overall consumption of the fossil fuel increase by 0.6 in 2020 […]

TOKYO, March 3 Reuters Japanese shares eked out gains on Wednesday as investors picked up cyclical stocks on hopes of a quicker economic recovery from the pandemicled recession. However, gains were capped by worries about bond market volatility and talk of huge selling for rebalancing this month. The Nikkei average ticked up 0.18 to 29,459.71, […]