Reuters Before the Bell: Collapsing bond yields push world stocks to new highs

Click to View in Browser Thursday, July 4, 2019 Collapsing bond yields push world stocks to new highs Government bonds held near multi-year lows on Thursday on bets the U.S. Federal Reserve would cut interest rates this month and that other major central banks would embrace looser monetary policy, pushing world stocks to new 18-month highs. Oil prices dip on signs of slowing U.S. demand, economic concerns Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy. South Korea says may retaliate against Japan high-tech export curbs South Korea said on Thursday it may retaliate against Japan's latest export limits on high-tech materials, as a row over forced wartime labor threatened to disrupt global supplies of memory chips and smartphones. William Hill to shut 700 betting shops in blow to British jobs William Hill plans to close 700 of its 2,300 British betting shops, putting about 4,500 jobs, a third of its workforce, at risk after the government cut the maximum stake on fixed-odds betting terminals to tackle problem gambling. BMW and Daimler team up on automated driving Some 1,200 developers at BMW and Daimler will team up to develop automated driving technology, the companies said on Thursday, the latest carmakers forced to pool their development resources at a time of shrinking margins. China says existing U.S. tariffs must be removed for a trade deal Existing U.S. tariffs will have to be removed if there is to be a trade deal between Beijing and Washington, China's commerce ministry said on Thursday. Samsung in hot water over splashy Australian phone ads Australia's consumer watchdog has sued Samsung Electronics Co Ltd's Australian unit for allegedly misleading consumers by promoting water-resistant Galaxy smartphones as suitable to use in swimming pools and the surf. Superdry moves to fill boardroom seats after Dunkerton's bruising battle Superdry has appointed former finance heads of M&S and New Look to its board, months after the UK fashion retailer's founder Julian Dunkerton rejoined after a bruising boardroom battle that saw most of its directors leave. In Brexit Britain, battling home lenders chase risk and pensioners The framed coat of arms hanging in the headquarters of the Hanley Economic Building Society in Stoke-on-Trent depicts two squirrels in ermine robes above the motto 'Save Safely, Build Surely', which the mortgage lender's customers have duly done for over 150 years. Zalando to build Rotterdam warehouse to serve western Europe Zalando , Europe's leading online fashion retailer, said it would build a 140,000 square meter warehouse near the Dutch port of Rotterdam to serve its customers in the Benelux countries, France, Spain and the United Kingdom. Related Video China says existing U.S. tariffs must be removed for a trade deal Stock market records all around Wall Street Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook