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Global Markets: Euro, bond yields drive higher on ECB scale-back bets

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - The euro hit a 1-year high on Wednesday and German 10-year Bund yields continued to rise after doubling the previous day, as bets grew that the European Central Bank is readying to scale back its 2-trillion-euro stimulus programme.It was a lively European session. The bond market sell-off and jump in the euro came as a dive in technology stocks after the latest global cyber attack sent European shares to a two-month low. The euro was eyeing up $1.14 and was at a 7-month high versus the pound after an upbeat ECB President Mario Draghi on Tuesday opened the door ...

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First Published: Wed, June 28 2017. 18:43 IST