China Steps In to Rescue Stocks, But the Market Continues to Fall

© Florence Lo/Reuters

© Florence Lo/Reuters

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© Athit Perawongmetha/Reuters

© Matt Chase

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© Gabriela Bhaskar/The New York Times

© Illustration by Andrei Cojocaru; photos by Getty Images

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France’s bond market hit by another bout of selling as country recovers from weekend protests
French borrowing costs continued to rise on Thursday, as investors fret that France’s government is struggling to pass a federal budget after public protests gripped the country.
France’s bond market was hit with another bout of selling, with the difference between French and German 10-year borrowing costs – a metric for the risk premium attached to French debt – rising to its highest level in almost 15 years.
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© Photograph: Telmo Pinto/NurPhoto/Shutterstock

© Photograph: Telmo Pinto/NurPhoto/Shutterstock

© Photograph: Telmo Pinto/NurPhoto/Shutterstock

Sanae Takaichi has done something few Japanese leaders manage. She’s reached her first anniversary in office more popular than her predecessors, and she looks well placed to keep the job. In a country that has burned through five prime ministers in a decade, this counts for a lot. Popularity, though, is only one of two […]
The post Takaichi’s next vote is in the bond market appeared first on Asia Times.

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Yield on 10-year government bonds passes 5% amid failure to pass budget and fallout from violent street protests
France’s borrowing costs have climbed above 5% for the first time in 24 years as political concerns and the government’s failure to agree a much-delayed budget spook the financial markets.
With some civic buildings still smouldering from recent riots, a fresh bout of selling pushed up the yield – or interest rate – on bonds issued by the second largest economy in the eurozone.
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© Photograph: Michel Euler/AP

© Photograph: Michel Euler/AP

© Photograph: Michel Euler/AP
Difference between French and German borrowing costs widens after public buildings burned and shops looted
France has been hit by a fresh wave of selling in its bond and stock markets after violent protests over the weekend led to thousands of arrests and left public buildings burned and hundreds of shops looted across the country.
The chaos has spooked investors as analysts worried that it would undermine Paris’s efforts to cut spending and reduce its debt.
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© Photograph: SDIS 87/AFP/Getty Images

© Photograph: SDIS 87/AFP/Getty Images

© Photograph: SDIS 87/AFP/Getty Images

TOKYO — An unwelcome blast of US inflation is blowing across Asia’s markets. September’s hotter-than-expected price data revived concerns that the Federal Reserve will keep rates higher for longer, threatening fresh pressure on currencies, capital flows and economic growth across the region.
Last month’s 3.7% year-on-year increase in consumer prices didn’t just exceed forecasts. It ensured the Fed is on an even bigger collision course with both the bond market and US President Donald Trump’s White House. It’s arguably the last thing both Trump and US Federal Reserve Chairman Kevin Warsh wanted to see less than three weeks ahead of the mid-term elections.
The post Hot US inflation singes Asia as higher-for-longer Fed rates loom appeared first on Asia Times.



