Market move● Neutral for Indian equities
Asian shares rise with Wall Street as Treasury yields remain near multi-decade highs
The brief
- The euro hovered near 17-month lows amid French fiscal concerns
- High US yields can pressure Indian equities and raise borrowing costs for rate-sensitive sectors
- Euro zone business growth hits over 3-1/2-year high despite inflation worries, PMI shows
- Euro nears 17-month low as political and fiscal concerns rattle Spain and France
- The euro has a France problem
- Euro falls to a 17-month low amid French fiscal concerns and dollar strength
- Euro zone inflation surges more than expected, keeping pressure on ECB to hike rates