Bond yields across the eurozone hit record lows on Thursday and the euro hovered near its weakest in nine months after
The setbacks also weighed on global equity markets and crude oil futures, with the latter trading just off 13-month lows .
In addition, the French economy failed to expand for a second straight quarter. Combined with the threat to growth from sanctions on
World stocks pulled away from one-week highs reached earlier this week.
Those expectations pushed German 10-year yields to record lows, touching 0.998 per cent. French yields fell as well, to 1.392 per cent, also a record low. Spanish bond yields reached record lows as well, dropping to 2.442 per cent
"As such, we still believe that the ECB needs to implement further policy action — probably in the form of full-scale quantitative easing — to try to bring the euro down and re-ignite the recovery," Loynes told clients. The euro hovered near nine-month lows against the dollar. Sterling also struggled, declining to a four-month low of
Further disappointment is likely from data due at
"The GDP numbers for
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