You are here: Home » Reuters » News
Business Standard

Global Markets: Italian stocks slide, dollar powers on to new 2018 high

Reuters  |  LONDON 

By Tommy WilkesLONDON (Reuters) - Italian stocks slid on Wednesday after reports that the two parties seeking to form Italy's next government might seek debt forgiveness, while the dollar ignored a pull-back in U.S. bond yields and rallied to a new 2018 high. Asian markets had earlier dipped after Pyongyang abruptly called off talks with Seoul, throwing a U.S.-North Korean summit into doubt, but that failed to rattle European stocks.Markets were also unfazed by Italian politics and the bigger focus was a rocketing dollar and rising U.S. borrowing costs, which have spooked investors in recent ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, May 16 2018. 16:12 IST
RECOMMENDED FOR YOU