The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.
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Asian stocks opened higher on the back of a strong Wall Street with markets discounting the potential impact of Italy's referendum vote, while U.S. Treasury yields firmed as robust economic data pointed to an interest rate hike next week. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent in early trade with Antiopodean markets leading gains.
By Carla Mozee and Victor Reklaitis, MarketWatch. Shares in RBS rise after bank settles with some litigants. U.K. stocks closed higher Monday, with bank shares shaking off losses as investors assessed the fallout from the resignation of Italy's prime minister following a referendum defeat over the weekend.
By Sara Sjolin and Carla Mozee, MarketWatch. But Stoxx Europe 600 rises as investors shake off the news. Italian stocks retreated Monday after Prime Minister Matteo Renzi's resignation announcement following defeat of a constitutional referendum, but questions remain about political uncertainty and the possibility of another eurozone crisis.
Some on Wall Street already are celebrating the demise of the Obama administration's fiduciary rule for retirement savings, but news of its death has been greatly exaggerated. Scrapping or even delaying the regulation, due to take effect in April, is tricky. In simple terms, the Labor Department rule requires that financial advisers act in their clients' best interest when guiding them on retirement- savings options, replacing a looser standard that their advice merely be...
Defense shares up in Taiwan after Trump's Twitter comments on China. Stock markets in Asia fell Monday, as investors feared the "no" vote in Italy's referendum could hurt the country's banking system and spark global contagion. Major markets in Asia saw sharp drops at the start of trade Monday, but these losses moderated over the day.
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