World shares mixed after broad slide on Wall Street
ABC News
Shares are higher in Europe after sharp declines in Asia that tracked a broad slide on Wall Street as investors grew jittery over rising prices and surging U.S. government bond yields
Shares rose Wednesday in Europe after sharp declines in Asia that tracked a broad slide on Wall Street on jitters over rising prices and surging U.S. government bond yields.
A swift rise in Treasury yields is forcing investors to reassess whether prices have run too high for stocks, particularly the most popular ones. On Tuesday, the yield on the 10-year Treasury jumped to 1.54%, its highest level since late June. That’s up from 1.32% a week ago.
Early Wednesday, it had fallen back to 1.50%.
“What we got here is stock market that finally looks vulnerable as Treasury yields surge, oil prices look like they could easily hit $90 a barrel, and as supply chain issues show no signs of easing,” Edward Moya of Oanda said in a commentary.
