Europe

Markets

Bond Yields Sink as Central Banks Head for Easier Policy

Global stock markets climbed for a fourth day and government bond yields around the world hit their lowest levels in years on Friday, driven by the prospect of further cuts in interest rates and more central bank bond buying to support weak economies.

Politics

Mester: Brexit Poses Risks to U.S. but Fed Still on Track

Britain's vote last week to leave the European Union poses a risk to the U.S. economy but it is too early to know the extent of that effect and the Federal Reserve should not let a lack of clarity distract it from is plan to eventually raise interest rates, a top Fed official said on Friday.