BLOOMBERG Government bonds slumped, wiping out early gains in US equity futures, as traders speculated central banks will keep interest rates elevated to quell inflation. The dollar hit its highest level since March. Germany’s 10-year yield rose to the highest since 2011 and the Stoxx 600 sank 0.6%, dragged down by mining shares. Rio Tinto Plc fell as much as ...

BLOOMBERG Healthcare stocks are heading for their worst annual performance relative to the broader market in almost 25 years as a new class of weight-loss drugs looks set to reorder the market for a host of existing profitable treatments. The group — which includes the likes of Pfizer Inc and CVS Health Corp — is one of the worst performers ...

BLOOMBERG European Central Bank (ECB) President Christine Lagarde reiterated that borrowing costs will remain elevated for as long as needed to tame consumer prices — even as the economy struggles. “Our future decisions will ensure that the key ECB interest rates will be set at sufficiently restrictive levels for as long as necessary,” Lagarde told lawmakers in the European Parliament. ...