U.S. Treasury yields rose to an 11- week high and stocks fell a fourth day as signs of economic growth fueled concern the Federal Reserve will scale back bond buying. Copper, gold and crude oil led commodities higher.
Treasuries slid, pushing 10-year yields to the highest level since September, as industry data showed job growth accelerated more than forecast, adding to bets the Federal Reserve may reduce bond purchases this month.
President Barack Obama, setting a theme that he’ll pursue in the final years of his presidency, said growing income disparity in the U.S. is the “defining challenge or our time” and Washington must confront it.
Most Brazilian stocks dropped after a report showing U.S. companies added more workers than forecast rekindled speculation that the Federal Reserve will soon reduce stimulus that has boosted emerging-market assets.
Bank of Ireland Plc will redeem some of the government’s preferred shares in the company, helping the state to more than recoup the 4.8 billion-euro ($6.5 billion) cost of rescuing of the country’s largest lender.
India’s main opposition party is set to win four of five state elections held over the past month, wresting power from the ruling Congress party in one area and giving it momentum ahead of national voting next year.
Ukraine’s opposition will hold talks tomorrow with President Viktor Yanukovych’s party after thousands of people joined protests against his rejection of a European Union trade pact that paralyzed Kiev.