{"id":18517,"date":"2023-12-21T07:28:18","date_gmt":"2023-12-21T12:28:18","guid":{"rendered":"https:\/\/usa.businessupturn.com\/?p=18517"},"modified":"2023-12-21T07:28:18","modified_gmt":"2023-12-21T12:28:18","slug":"shares-struggle-as-wall-street-wobble-while-bonds-roars-on","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/shares-struggle-as-wall-street-wobble-while-bonds-roars-on\/18517\/","title":{"rendered":"Shares struggle as Wall Street wobble while bonds roars on"},"content":{"rendered":"<p>Share markets had an end of year wobble on Thursday, while bonds make a remarkable round trip for the year on the consensus view that large parts of the world will be chopping interest rates in 2024.<\/p>\n<p>Wall Street had suffered its biggest drop since September on Wednesday. There was no obvious catalyst but with holidays fast approaching and a final dump of the U.S. data due later neither Asia no Europe offered much resistance.<\/p>\n<p>Europe\u2019s STOXX 600 index plunged nearly 0.4% in a broad market selloff where the region\u2019s car sector SXAP skipped 1% and both tech SX8p and travel SXTP slipped 0.5%.<\/p>\n<p>Meanwhile, Commerzbank CBKG.DE brought some timely cheer as the shares of its jumped nearly 3% after the European Central Bank approved its 600 million euros stock buyback plan.<\/p>\n<p>Speaking of bonds, Italy\u2019s 10-year bond yields \u2013 which reflects to the borrowing cost of Rome, fell to its lowest since August 2022. 10-year Treasuries US10YT=RR plunged to reach 3.86%, which was exactly where they started the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Share markets had an end of year wobble on Thursday, while bonds make a remarkable round trip for the year\u2026<\/p>\n","protected":false},"author":175,"featured_media":18550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[5816],"class_list":["post-18517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-wall-street"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/18517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/175"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=18517"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/18517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/18550"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=18517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=18517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=18517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}