Photographer: Xaume Olleros/Bloomberg

Charting the Markets: Burberry and Bonds Not as Good as Gold

Global bond yields fall to five-month low, gold gains for a fifth day and Burberry shares sink by as much as 13%

As the odds of a U.S. rate hike in the next six months lengthen, global equity investors have a renewed spring in their step after two days of losses. Fed fund futures put the probability of a move this month at just 4 percent, versus 10 percent on Tuesday. March 2016 is also now looking less certain, with the likelihood of a policy change below 50 percent compared to 59 percent a couple of days ago. Asian and emerging market stocks rallied as much as 2 percent, while European equities gained for the first day in four.

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