Global Bond Selloff Continues, Stock Futures Drop
Stocks slid across the globe in early European trade Thursday as the implications of higher oil prices as well as strong U.S. growth data reverberated through markets.
----
U.S. Treasury Yields Hover Close to Multiyear Highs
Treasury yields hovered close to multiyear highs, while eurozone and U.K. government bond yields rose in European trade, as selling resumed following tentative calm in Asia.
----
Europe Central Banks Diverge on Rates as Energy Prices Threaten Higher Inflation
Switzerland and Sweden held their key rates Thursday but Norway tightened borrowing costs to return inflation to target.
----
German Business Sentiment Climbs to Highest Level in Three Years
The president of the Ifo Institute said companies assessed their current business situation more positively and the economy continued to recover.
----
Trump-Xi Summit: Here's the Current State of the AI Battle
The best AI models are made by U.S. companies but lower-cost, open-weight options from China are increasingly competitive.
----
BOE Rate Rise Increasingly Likely If Energy Prices Stay High, Deputy Governor Says
Clare Lombardelli said policy was increasingly likely to need to tighten if elevated energy prices persisted, absent clear evidence of disinflation or weaker activity.
----
Ukraine's Economy Hampered by Black Sea, Energy Disruptions, Says EBRD
An agreement with Russia to halt attacks on energy infrastructure and the restoration of grain exports through the Black Sea, would boost Ukraine's economy, the European Bank for Reconstruction and Development said.
----
The AI Build-Out Is Becoming the Biggest Economic Bet in U.S. History
Data-center spending is greater than that for canals, railroads and grid combined-creating jobs and stock-market wealth, while boosting inflation and crowding out housing.
----
Behind the Oil-and-Gas Industry's Blitz to Try to Defeat a Diesel Export Ban
Oil executives and their lobbyists launched a coordinated contingency plan to persuade the Trump administration not to enact a ban on U.S. diesel exports.
----
Canada's Carney Open to U.S. Trade Deal but Won't Give Up Right to Deepen EU Ties
In a WSJ interview, the Canadian Prime Minister said like-minded countries must work together to ensure sovereignty.
----
The Group Chat Where World Leaders Are Racing to Create AI Controls
An island meeting and texts between the leaders of Canada, France and Norway reveal an emerging alliance: "We're in."
----
Iran Has a Secret Weapon in Its War With America: Help From China
Trump wants to preserve relations with Xi, but Iranian customs data show Chinese entities have made thousands of shipments of components used in drones and missiles.
----
How a Trade Deal With Japan Could Change the Face of U.S. Energy
Japan is set to fund three gargantuan natural-gas plants in Ohio, Pennsylvania, and Texas. Sizing up the opportunities and the obstacles.
----
Fed's Barr Says More Rate Hikes Likely Needed to Return Inflation to Target
Federal Reserve Gov. Michael Barr said the economy has experienced a series of shocks over the past year and a half that has contributed to upward price pressures.
----
U.S. Crude Oil Stockpiles Post Unexpected Build
Commercial crude oil stocks rose by 3 million barrels last week. Analysts had expected crude stocks to fall by 500,000 barrels.
----
Dollar Jumps to 8-Week High on Fed Rate-Hike Bets
The U.S. dollar rose to its highest level since late July against a basket of currencies Wednesday as markets bet on the Federal Reserve raising interest rates further.