Jun 15, 2022

Live news updates: HSBC fires London forex trader after probe into client messaging

Italy's 10-year yield rose to 3.92 per cent, up from an earlier low of 3.76 per cent, but still below Tuesday's closing level of 4.18 per cent. European benchmark prices jumped more than 15 per cent to €99 per megawatt hour on Tuesday after Gazprom's Nord Stream 1 announcement and the news that a major liquefied natural gas export terminal in the US would be offline for at least three weeks following an explosion. Shares in Whitbread rose nearly 4 per cent in early London trading on Wednesday, trimming the year's decline to 11 per cent. South Korea's Kospi dropped 1.3 per cent, but later pared some losses following news that a strike by truckers in the country, which had affected supply chains, was ending. In the US on Tuesday, ​​the benchmark 10-year Treasury yield, which moves with growth and inflation expectations, rose by as much as 0.14 percentage points to an 11-year high of 3.5 per cent, while the S&P 500 share index fell 0.4 per cent and the Nasdaq Composite edged 0.2 per cent higher.

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