The 10-year U.S. Treasury yield close to 3.9% is consistent with a scenario whereby recession risk is mounting and the Federal Reserve is ready to cut interest rates, but over a longer horizon it should eventually settle higher, ING said.
Glencore said it would keep its coal unit following the acquisition of Elk Valley Resources, as it unexpectedly reported a net loss for the first half of the year.
Germany’s industrial sector picked up pace in June, with the country’s automotive industry in particular helping output, although questions remain as to whether this represents a sustained recovery for the sector.
Sony Group raised its fiscal-year earnings forecasts as it reported a rise in first-quarter net profit on the strength of its game, music and imaging-sensor businesses.
