INTERNATIONAL

United States

Stock futures flat as U.S. bond yields near 3 percent

U.S. stocks index futures treaded water on Monday, ahead of a bevy of
earnings from the world’s biggest companies and as wary investors
watched U.S. bond yields approach peaks that have sparked stock
selloffs in the past.

U.S. fund managers brace for trade war with focus on pricing power
Investors’ fears of an all-out trade war between the United States and
China is prompting U.S. stock fund managers to hunt for companies that
can easily pass on higher costs to their consumers.

Oil dips as rising U.S. yields steer bulls

Oil prices were little changed at around $74 a barrel on Monday on rising
U.S. borrowing costs and the prospect of further output rises after another
increase in the weekly rig count, although the overall picture for crude
remained bullish.

Dollar bounces across the board as U.S. bond yields rise

The U.S. dollar rallied to a seven-week high on Monday after a rise in the
10-year U.S. Treasury yield to within a whisker of the psychologically
important 3-percent level prompted buying of the greenback, leaving the
euro and yen sharply lower.

United Kingdom

Sterling stuck at two-week low as investors cautious over May rate hike
Sterling slipped to a two-week low against the dollar on Monday as
investors questioned whether the Bank of England would raise interest
rates in May following weaker-than-expected economic data and
cautious comments from Governor Mark Carney.

Europe

Rising Treasury yields weigh on European shares, UBS disappoints

European shares fell on Monday as results from Switzerland’s biggest bank,
UBS, disappointed investors and a rise in U.S. Treasury yields put pressure
on bond-proxy sectors.