Treasury Yields Rise, Europe Mulls Defense, China Continues Rally
Treasury yields rise as Europe contemplates a fiscal boost to pay for defense amid negotiations over Ukraine between the US and Russia. Chinese President Xi Jinping's show of support for China's private sector helped resume a rally in world-beating Chinese stocks, which have outperformed this year thanks to DeepSeek excitement. Europe digests a need to spend more on defense, while the US and Russia hold Ukraine talks in Riyadh. Sonja Marten of DZ Bank thinks markets will continue to digest the change to the North Atlantic order after Vice President JD Vance spoke in Munich. Clear Harbour's Aaron Kennon thinks the end of the war in Ukraine could unleash animal spirits in Europe for investors. 'Bloomberg Brief' delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)
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