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Bonds decline on stimulus bets; European stocks slide

Bloomberg Treasuries dropped alongside the dollar amid speculation that Washington lawmakers have made some progress on a stimulus package to be financed by trillion-dollar borrowing. The US 10-year yield broke above 0.8% to a four-month high and European bonds followed suit after Democrat House Speaker Nancy Pelosi expressed hope for political compromise on a stimulus bill this week. Outside of ...

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Volatile end of year could put a limit on European equity gains

Bloomberg European equities may not catch a break from being stuck in neutral as they head into a volatile end of the year, according to strategists surveyed by Bloomberg. The Stoxx Europe 600 Index will end the year at 371 points, leaving just 1% upside against Tuesday’s close, based on the average of 18 strategists polled in the study. They ...

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UAE, US and Israel announce $3b regional investment fund

TEL AVIV / WAM The United Arab Emirates, the United States of America, and Israel, have announced the establishment of the Abraham Fund, which fulfills a commitment made in the Abraham Accords. Through this fund, the UAE, the US International Development Finance Corporation, and Israel will mobilise more than $3 billion in private sector-led investment and development initiatives to promote ...

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