A sea change in German fiscal policy is rapidly transforming global bond markets as it is expected to increase the pool of top-rated, safe-haven debt and propel Germany into a new era of structurally higher government bond yields.

Big investors are sensing that a fresh joint European borrowing effort is becoming more likely as the region scrambles to ramp up defence spending.

U.S. President Donald Trump's ability to swiftly impose, and then delay, tariffs on top trading partners has left world markets swinging one way and then another.

The European Central Bank meets on Thursday for the first time since Donald Trump returned to office, leaving U.S. tariff threats looming over the euro zone's sluggish economy and potentially complicating the economic outlook.

U.S. President Donald Trump's return to the White House has been met with both relief and disappointment across world markets as investors try to work out what the next four years will bring.

When Bill Clinton began his first term as president in 1993, he faced a challenge to his authority from an unexpected adversary: bond traders.

High government spending and a growing need among big economies - from the United States to Britain and France - to tap bond markets to fund their outlays have shot up the list of concerns for some policymakers and investors.

From China to Europe, Canada to Mexico, world markets are already reeling from Donald Trump's promise to jack up tariffs when he becomes U.S. president in less than two weeks.