Bloomberg European equities reversed an early retreat and turned flat as US stock index futures pared losses ahead of the stock market open in New York. The Stoxx Europe 600 Index briefly turned positive on the day after losing as much as 0.7% in the morning. Telecoms outperformed, with Deutsche Telekom AG up 2.3 percent and BT Group Plc up …

Bloomberg Look to bond yields and not asset purchases for the first sign that the Bank of Japan is finally ready to start exiting its years-long monetary stimulus, Governor Haruhiko Kuroda said in an interview. Kuroda’s statement offered the clearest glimpse yet of what an exit will look like one day, though he stressed that policy settings will remain at …

Bloomberg The revival of a long-established relationship between unemployment and inflation is proceeding — ever so slowly, according to European Cent-ral Bank Governing Council member Olli Rehn. “We see some signs that the Phillips curve is waking from its coma,” said Rehn, referring to the theory first described by William Phillips in the 1950s. “It’s maybe alive but not kicking …