Europe

EU to unveil first-of-its-kind carbon border tax

Europe’s trailblazing carbon border levy is facing a decidedly soft launch. When the European Commission’s climate tsar Frans Timmermans outlines on Wednesday how he plans to cut bloc-wide emissions 55% by 2030, a tax on dirty imports will be a key component.

Stock futures gain as bond yields rise

U.S. equity futures are trading higher following a day that saw stocks pull back from their recent record highs as bond yields fell and investors turned cautious.