U.S. Treasury yields jumped to a three-year high, fueling a global rise in borrowing costs as traders intensified bets on aggressive rate hikes from major central banks.
Chinese stocks drop more than 3% after data shows China’s producer inflation surging
Chinese stocks led losses in Asia-Pacific markets on Monday as investors reacted to China’s inflation data for March and monitored the Covid situation on the mainland.
The most bullish story in the stock market right now
Before tensions escalated between Ukraine and Russia in February, a bullish stock market story had been unfolding: Wall Street analysts were revising up their forecasts for 2022 and 2023 corporate earnings.