A global bonds selloff has pushed yields up across the board towards post-Brexit highs while the anti-establishment wave sweeping the western world could force a 'No' vote on the Italian referendum in December.
Editor’s Picks 27 July 2016 at 4:37 GMT

Yen tumbles on report Abe will announce $254bn stimulus package

The yen plunged on a report that Japanese Prime Minister Shinzo Abe will announce details of a 27 trillion yen ($254 billion) stimulus package on Wednesday.Japan’s currency tumbled against most of 16 major peers after Tokyo-based Fuji News Network reported, citing an unidentified person, that the package will include ¥13 trillion of low-interest loans. The slide spurred broad gains for the US dollar, helping to weaken the Australian and New Zealand currencies. The Aussie erased an earlier advance that came after data showed the nation’s core consumer prices accelerated.
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