LONDON (Reuters) – Japan may lose this year’s top billing on global stock markets as a boost from a weakening yen is likely to wane in a country where exports make up less than a seventh of total economic output.
The correlation between a falling currency and rising local stocks has already dropped back from its peak and the equity market may require a strong pick-up in domestic demand to drive further gains from here.
Fed futures point to a first rate hike from Fed in October 2014
Actually prints new 22-month high 2.67%
US10 year yields near 22-month high, last at 2.66%
LONDON, July 5 (Reuters) – Rising U.S. bond yields should
embolden, not spook, investors as they reflect improving growth
and increase the allure of assets that most benefit from an
The violent market reaction to the prospect of an eventual
end to the Federal Reserve’s money printing led some to think
that the central bank’s stimulus was the only thing keeping
markets and economies afloat.