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Global Markets: Italian stocks slide, dollar's rally pauses

Reuters  |  LONDON 

By Tommy WilkesLONDON (Reuters) - Italian stocks fell on Wednesday after reports that two parties seeking to form Italy's next government could seek debt forgiveness, although broader markets were unfazed and focused instead on a pause in surging U.S. bond yields.Rising U.S. borrowing costs have rattled markets globally because of worries they will hurt global demand, but with the dollar flat and Treasury yields off their recent highs on Wednesday, most European stock markets opened higher. Asian markets had earlier dipped slightly after Pyongyang abruptly called off talks with Seoul, ...

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First Published: Wed, May 16 2018. 14:36 IST