U.S. stocks fell, ending a six-day advance in the Standard & Poor’s 500 Index, and Treasuries rose as reports showed weakness in home sales and global manufacturing. Gold climbed from a 10-week low, while Apple Inc. surged in extended trading on better-than-estimated earnings.
Portugal’s government bonds rose, with 10-year yields falling to the lowest since 2006, after the nation held its first auction since a bailout in 2011 as its European Union-led aid program draws to a close.
Clara Mary lights an oil lamp in her one-room shack, revealing a 14-inch color television sitting on a blue plastic chair that she hasn’t been able to turn on since the Tamil Nadu government gave it to her three years ago.
Hungary’s economic-sentiment index was positive in April for the first time in almost 16 years as business confidence grew and consumers became less pessimistic after Prime Minister Viktor Orban won a second four-year term.
The yield premium investors demand to hold Italian 10-year bonds over their German peers narrowed to the least in three years on bets the European Central Bank will take further action to combat low inflation.
European government bonds advanced this week, with Italian and Irish yields falling to the lowest levels on record, as prospects of further European Central Bank stimulus fueled demand for the region’s debt securities.