Brent crude steadies near $114 awaiting signal on Iran stance
Brent crude is holding around $114 per barrel as markets look for direction on President Trump's upcoming approach toward Iran, according to ING's Warren Patterson and Ewa Manthey.
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ING: ECB Set to Pause on October 29 as French Yields Do the Tightening
ING's Carsten Brzeski thinks the European Central Bank will keep borrowing costs unchanged at next week's meeting, since climbing bond yields linked to France's budget turmoil are already delivering the equivalent of a rate increase.
French 10-year yield tops 5%, widest spread to Bunds since October
France's 10-year borrowing cost rose above 5% for a second straight session in Paris trading, a level last seen in 2002, as riots and budget uncertainty weigh on bonds.