Bond market participants breathed a sigh of relief on Wednesday as eurozone government bonds steadied, following sessions of wild swings driven by the coronavirus crisis and concern over its impact on the global economy.
With policymakers in Europe and the United States approving extraordinary measures to help soothe markets and cushion thedevastating impact of the crisis, global markets, including government bonds, were calmer on Wednesday.
The closely-watched spread between Italian and German 10-year bond yields was just a few basis points tighter at 185 basis points, well off last week's 14-month highs of 319 bps.
15 Jul 2020 04:54 PM
Indian shares pared nearly all gains on Wednesday, as Reliance Industries weighed on indexes after it failed to meet investor expectations at its annual general meeting, while a surge in IT stocks capped losses.
15 Jul 2020 03:22 PM
The Indian rupee logged its best day against the dollar in nearly two weeks
15 Jul 2020 12:23 PM
Indian shares jumped over 1.5% on Wednesday as upbeat results for IT outsourcer Wipro and signs of new foreign investment inflows countered fears about the surge in domestic coronavirus cases.
15 Jul 2020 11:15 AM
China's yuan firmed on Wednesday on dollar weakness overnight and a stronger fixing
15 Jul 2020 10:46 AM
Gold prices edged higher on Wednesday, holding firm above the psychological $1,800 level, as worries over surging coronavirus cases and simmering U.S.-China tensions boosted demand for the safe-haven metal.
15 Jul 2020 10:33 AM
The Indian rupee was at 75.3000/75.3100 to the dollar against 75.4150/75.4250 in the previous session