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The Breakfast Briefing: European Stocks Edge Up Despite Tariff Threat
• Asian stocks mixed, Hong Kong up 1.2%, Korea down 0.4%
European stocks rose Tuesday, despite Washington’s threat to slap new tariffs on the region.
The U.S. said Monday it could introduce new tariffs on $4 billion of European Union goods depending on the outcome of a World Trade Organization case over the bloc’s subsidies of the airplane manufacturer Airbus SE .
Government bond yields fell. The yield on 10-year German government bonds reached a new low of minus 0.361% and the yield on comparable U.S. debt ticked down to 2.010% from 2.033% Monday, near its low for the year. Yields rise as bond prices fall.
