Spooked by yield rise, ECB wary of changing message again

European Central Bank policymakers are wary of making any new change to their policy message in April after small tweaks this month upset investors and raised the specter of a surge in borrowing costs for the bloc’s indebted periphery. One ECB source said the...

Investors bullish on Trump’s playbook are winners of GOP’s health-bill failure, BofAML says

The House GOP failure to push through its Obamacare replacement bill was possibly the best news for traders who believe in President Donald Trump’s economic agenda, Bank of America Merrill Lynch’s David Woo said Wednesday. “We save ourselves having...