Rising bond yields rattle stocks and gold as 10-year nears 5%
Bond yields rise with 10-year Treasury at 4.80%, stocks fall, and gold faces headwinds as markets await CPI and central bank decisions.
China's official August manufacturing PMI came in at 49.8, above the 49.7 forecast and the prior 49.2. Non-manufacturing PMI was 49.0 and composite PMI was…
China's official manufacturing purchasing managers' index for August registered at 49.8.
The non-manufacturing PMI came in at 49.0.
The composite PMI was 49.5.
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Bond yields rise with 10-year Treasury at 4.80%, stocks fall, and gold faces headwinds as markets await CPI and central bank decisions.
The yen strengthened to a seven-month high, extending USD/JPY's slide as traders await US CPI and BoJ guidance.
France's trade deficit widened to €6.67 billion in July as imports rose faster than exports.
Germany's trade surplus rose to €21.3 billion in July, beating forecasts, as imports fell 5.7% month-on-month.