European Stock Markets
Global stocks took another leg down on Thursday in the wake of Federal Reserve minutes that painted a healthy picture of the world’s biggest economy, raising the prospect of tighter monetary policy. The dollar was steady, while Treasuries rose and European bonds were mixed.
The Stoxx Europe 600 Index slid as all the major national equity gauges in the region fell. Earlier in Asia most shares dropped, though China’s market bucked the trend as it reopened after a holiday. Futures on the S&P 500 Index declined.
The Treasury move pared some of Wednesday’s slide following the minutes from the Fed’s January meeting, which showed increasing confidence growth will pick up despite concerns around inflation.
Meanwhile the mood wasn’t all risk-off on Thursday. As well as the mixed picture for European bonds, gold retreated alongside most commodities. West Texas oil fell to around $61 a barrel.
Stocks
The Stoxx Europe 600 Index decreased 0.9 percent as of 9:43 a.m. London time, the largest dip in almost two weeks.
Futures on the S&P 500 Index fell 0.2 percent to the lowest in more than a week.The MSCI Asia Pacific Index decreased 0.8 percent to the lowest in more than a week on the largest dip in almost two weeks.
The U.K.’s FTSE 100 Index decreased 1 percent to the lowest in more than a week on the biggest dip in almost two weeks. The MSCI Emerging Market Index decreased 1.1 percent, the largest dip in almost two weeks.
The euro gained 0.1 percent to $1.2292, the largest advance in a week.
The British pound dipped 0.2 percent to $1.389, reaching the weakest in more than a week on its fifth consecutive decline.
The Japanese yen gained 0.5 percent to 107.26 per dollar, the first advance in a week. South Africa’s rand sank 0.4 percent to 11.7149 per dollar. The MSCI Emerging Markets Currency Index sank 0.4 percent to the lowest in more than a week on the largest decrease in two weeks.
The yield on 10-year Treasuries dipped three basis points to 2.92 percent. Germany’s 10-year yield decreased two basis points to 0.71 percent, the lowest in more than two weeks. Britain’s 10-year yield fell one basis point to 1.555 percent, the lowest in more than two weeks.
The Stoxx Europe 600 Index slid as all the major national equity gauges in the region fell. Earlier in Asia most shares dropped, though China’s market bucked the trend as it reopened after a holiday. Futures on the S&P 500 Index declined.
The Treasury move pared some of Wednesday’s slide following the minutes from the Fed’s January meeting, which showed increasing confidence growth will pick up despite concerns around inflation.
Meanwhile the mood wasn’t all risk-off on Thursday. As well as the mixed picture for European bonds, gold retreated alongside most commodities. West Texas oil fell to around $61 a barrel.
Stocks
The Stoxx Europe 600 Index decreased 0.9 percent as of 9:43 a.m. London time, the largest dip in almost two weeks.
Futures on the S&P 500 Index fell 0.2 percent to the lowest in more than a week.The MSCI Asia Pacific Index decreased 0.8 percent to the lowest in more than a week on the largest dip in almost two weeks.
The U.K.’s FTSE 100 Index decreased 1 percent to the lowest in more than a week on the biggest dip in almost two weeks. The MSCI Emerging Market Index decreased 1.1 percent, the largest dip in almost two weeks.
The euro gained 0.1 percent to $1.2292, the largest advance in a week.
The British pound dipped 0.2 percent to $1.389, reaching the weakest in more than a week on its fifth consecutive decline.
The Japanese yen gained 0.5 percent to 107.26 per dollar, the first advance in a week. South Africa’s rand sank 0.4 percent to 11.7149 per dollar. The MSCI Emerging Markets Currency Index sank 0.4 percent to the lowest in more than a week on the largest decrease in two weeks.
The yield on 10-year Treasuries dipped three basis points to 2.92 percent. Germany’s 10-year yield decreased two basis points to 0.71 percent, the lowest in more than two weeks. Britain’s 10-year yield fell one basis point to 1.555 percent, the lowest in more than two weeks.
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