Economy

Jonathan Congratulates Merkel, Tasks Nigerian Women to Take the Lead

Jonathan Congratulates Merkel, Tasks Nigerian Women to Take the Lead”

Europe's benchmark bond yield steadied on Tuesday after its biggest daily drop in seven weeks as investors waited for a Federal Reserve speech that may flesh out plans to tighten U.S. monetary conditions.

U.S. Treasury prices are hovering flat to slightly higher, with the yield on the benchmark 10-year note slipping a basis point to 2.25%.

Like Germany, there is some anxiety as to the future of the British economy, especially after Theresa May disappointed investors after last Friday's speech by not providing any solid details on the country's negotiation position relative to trade with the European bloc.

"Investors are not fully up to speed with the risk of hawkish signals from Fed officials", Mizuho strategist Antoine Bouvet said.

Yet again, the market's reaction to the latest escalation in tension between North Korea and the United States proved short-lived. Moon's congratulatory message, dated Monday, was delivered to the German leader via Seoul's foreign ministry.

Merkel said in her post-election speech that the CDU had hoped for a better result but had faced - referring to the 2015 migrant crisis - an "extraordinary challenge" and had still managed to remain Germany's largest party.

The euro EUR=EBS slipped 0.4 percent to $1.1912 against the dollar on Monday but was higher against the Swiss franc EURCHF= and was broadly flat against the Japanese yen EURJPY=.

However, the political uncertainty has caused the euro to dip, benefiting the pound temporarily.



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