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 percent, its highest level since late June. That’s up from 1.32 percent a week ago. Early Wednesday, it had fallen back to 1.50 percent. “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. Germany’s DAX picked up 0.7 percent to 15,358.67 and the CAC 40 in Paris also added 0.7 percent, …
World Shares Mixed After Broad Slide on Wall Street
September 29, 2021
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