- As investors hedged the risk that economies would falter under central banks taking their inflation-fighting ardor and rate-hiking campaigns too far, government bonds gained and stocks fell.
- When the STOXX Europe 600 Index continued to tumble for a sixth day, the biggest losing streak since October, European bond yields plunged. Data revealed that the business outlook for Germany's 10-Yr benchmark yield declined to its lowest level this year as Europe's largest economy battles to recover from the recession. This caused the yield to drop five basis points.
- Investors are growing increasingly concerned that central banks trying to stifle inflation will keep driving rates up and endanger vulnerable economies. The S&P 500 futures market moved as the index had its worst week since March, and benchmark US Treasury yields decreased by five basis points.
- China: We are willing to push trade development with New Zealand.
- German ifo Economist: Storm clouds are forming for the German economy.
