Government-bond yields rose in the U.S. and Europe, reflecting recent statements by major central banks that they will keep raising interest rates to curtail inflation.
Weakening activity in the services sector is a big reason for the pressure on global markets today, said Samy Chaar, chief economist at Lombard Odier.
U.S. stock futures fell.
Government-bond yields rose.
Yields rose in Germany, the U.K. and France, too.
Persons:
Samy Chaar, ”, Dow, Hang Seng
Organizations:
Services, Lombard, Nasdaq, Overseas, Nikkei
Locations:
Government, U.S, Europe, Shanghai, Germany, France, Brent, Iran