Tumbling yields weigh on U.S. markets with all three major indices finishing in the red and set to break a two-month winning streak. Recession fears remain with the 10-year yield versus the two-year rate dropping to its lowest level since before the financial crisis. In Rome, the 10-year yield falls to a new three-year low off the back of constructive coalition talks between PD and Five Star. There are, however, concerns that the country could still hold autumn elections if a government isn’t formed by the end of the day. And in corporate news, BP decides to call it a day in Alaska, shedding its assets in the U.S. state for $5.6bn in a bid to increase its balance sheet.

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