Global Stock Markets
European stocks swung from a gain to a loss and back again and Asian
equities nudged lower as investors sought to put the technology selloff
behind them before a series of potentially market-moving events this
week. The dollar rose with Treasury yields and the pound erased an
advance.
Trading was mixed and muted in equities across both Europe and Asia following Monday’s selloff, which was sparked by a series of negative tech stories including Facebook Inc.’s data issues and a fatal accident involving an Uber Technologies Inc. self-driving car.
Trading was mixed and muted in equities across both Europe and Asia following Monday’s selloff, which was sparked by a series of negative tech stories including Facebook Inc.’s data issues and a fatal accident involving an Uber Technologies Inc. self-driving car.
Still, both the European gauge and U.S. stock futures reversed declines, and contracts for the Nasdaq 100 eventually edged higher.
Investors are struggling to rediscover their bullishness in the wake of the tech setbacks and with the Federal Reserve rate decision a day away. Reports that the White House plans to impose tariffs worth as much as $60 billion on Chinese products as part of a battle over safeguarding intellectual property added to the sense of caution. It would be the latest phase of President Donald Trump’s protectionist agenda and threatens to increase market fears of a trade war.
Elsewhere, sterling gave up its gains after data showed the U.K. inflation rate fell more than expected in February. West Texas Intermediate oil prices climbed. Russia’s ruble steadied after six days of losses.
Stocks
The Stoxx Europe 600 Index rose 0.4 percent as of 7:39 a.m. New York time.
Futures on the S&P 500 Index climbed 0.2 percent.
The MSCI Asia Pacific Index dipped 0.2 percent to the lowest in more than a week.
The U.K.’s FTSE 100 Index jumped 0.5 percent, the biggest increase in more than a week.
The MSCI Emerging Market Index increased 0.3 percent.
Currencies
The euro fell 0.3 percent to $1.2298.
The British pound dipped 0.1 percent to $1.4006.
The Japanese yen decreased 0.4 percent to 106.51 per dollar.
South Africa’s rand climbed 0.4 percent to 11.9657 per dollar, the biggest increase in more than a week.
The MSCI Emerging Markets Currency Index rose 0.1 percent.
Bonds
The yield on 10-year Treasuries rose one basis point to 2.87 percent.
Germany’s 10-year yield gained two basis points to 0.59 percent, the first advance in more than a week.
Britain’s 10-year yield rose one basis point to 1.445 percent.
The Stoxx Europe 600 Index rose 0.4 percent as of 7:39 a.m. New York time.
Futures on the S&P 500 Index climbed 0.2 percent.
The MSCI Asia Pacific Index dipped 0.2 percent to the lowest in more than a week.
The U.K.’s FTSE 100 Index jumped 0.5 percent, the biggest increase in more than a week.
The MSCI Emerging Market Index increased 0.3 percent.
Currencies
The euro fell 0.3 percent to $1.2298.
The British pound dipped 0.1 percent to $1.4006.
The Japanese yen decreased 0.4 percent to 106.51 per dollar.
South Africa’s rand climbed 0.4 percent to 11.9657 per dollar, the biggest increase in more than a week.
The MSCI Emerging Markets Currency Index rose 0.1 percent.
Bonds
The yield on 10-year Treasuries rose one basis point to 2.87 percent.
Germany’s 10-year yield gained two basis points to 0.59 percent, the first advance in more than a week.
Britain’s 10-year yield rose one basis point to 1.445 percent.
No comments:
Post a Comment