Daily Briefing: - EU leaders nominate two women, France's Lagarde and Germany's Von der Leyen, for top posts - UK grocer Sainsbury’s reports third straight quarter of declining underlying sales - Wall Street indices remain near record highs
who has impeccable European credentials but whose managerial expertise is questionable after a series of crises in her department as German defence minister. However they fare, this promises to be an interesting break with the much-criticised style and image of the EU leadership in the past., which from today will start poring over her record: she will get a rough ride but few expect her to be rejected outright.
Bond markets greeted the decision by sinking German 10-year yields to record lows of minus 39 basis points first thing on Wednesday, and many of the other euro government yields following suit into record low territory.
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