Bloomberg Treasury yields held near their highest in a year on Wednesday, while European stocks slipped as investors assessed the bond selloff and a busy day for earnings. The Stoxx 600 Index dropped for a second day, weighed down by retailers, despite some positive corporate news. Akzo Nobel NV rises after beating estimates and announcing plans to repurchase 1 billion …

Bloomberg At first glance, the weakness in South Korea’s won is an anomaly. Risk appetite is picking up but the currency is heading south. The won, which is susceptible to swings in global sentiment, has dropped almost 2% versus the dollar since the start of the year. It’s underperforming all its emerging Asian peers just as global growth bets are …

Bloomberg Oil held gains in New York after rising above $60 a barrel for the first time in a year as a deepening energy crisis in the US disrupted crude production and forced the shutdown of some of the nation’s biggest refineries. As much as 1.7 million barrels a day of oil output has halted and deliveries via pipeline suspended …