European Stock Markets
Shares in Europe followed Asian counterparts lower as storm clouds
gathered from Turkey to North Korea and data cast doubts on economic
growth prospects for the euro area. Treasuries advanced with the dollar,
while oil dropped with most commodities.
The Stoxx Europe 600 Index sank by the most in two months alongside U.S. equity-index futures, as optimism over U.S.-China trade talks faded together with prospects for President Donald Trump’s summit with North Korea’s leader.
Concerns over Turkey’s financial-market stability drove the lira to successive record lows and weighed on emerging-market assets. The yen and core European bonds gained with gold as traders sought havens after equity benchmarks from Hong Kong to Sydney declined.
The euro fell to a six-month trough as manufacturing data added to concern economic momentum is slowing, while the pound weakened and gilts climbed as U.K. inflation undershot expectations, denting prospects for rate increases.
Gloom is returning to global markets just as trade tensions between the U.S. and China appeared to be easing. U.S. stocks closed down Tuesday after Trump introduced uncertainty on a meeting with Kim Jong Un, while in Italy questions are swirling around the suitability of the nominated prime minister.
Monetary policy may provide a welcome distraction when the Federal Reserve releases minutes of its latest policy meeting on Wednesday.
Stocks
The Stoxx Europe 600 Index sank 1 percent as of 10:15 a.m. London time, the lowest in more than a week on the biggest tumble in two months.
The U.K.’s FTSE 100 Index sank 0.7 percent.
Germany’s DAX Index sank 1.5 percent.
Currencies
The euro fell 0.4 percent to $1.1735, the weakest in six months.
The British pound sank 0.5 percent to $1.3364, the weakest in five months.
Bonds
The yield on 10-year Treasuries decreased four basis points to 3.02 percent, the lowest in more than a week.
Germany’s 10-year yield dipped five basis points to 0.51 percent, the lowest in five weeks.
Britain’s 10-year yield decreased seven basis points to 1.523 percent, the largest tumble in two months.
Commodities
West Texas Intermediate crude decreased 0.5 percent to $71.85 a barrel, the biggest dip in more than a week.
Gold jumped 0.2 percent to $1,294.20 an ounce.
LME copper sank 2.1 percent to $6,831.00 per metric ton, the lowest in a week on the biggest tumble in almost four weeks.
The Stoxx Europe 600 Index sank by the most in two months alongside U.S. equity-index futures, as optimism over U.S.-China trade talks faded together with prospects for President Donald Trump’s summit with North Korea’s leader.
Concerns over Turkey’s financial-market stability drove the lira to successive record lows and weighed on emerging-market assets. The yen and core European bonds gained with gold as traders sought havens after equity benchmarks from Hong Kong to Sydney declined.
The euro fell to a six-month trough as manufacturing data added to concern economic momentum is slowing, while the pound weakened and gilts climbed as U.K. inflation undershot expectations, denting prospects for rate increases.
Gloom is returning to global markets just as trade tensions between the U.S. and China appeared to be easing. U.S. stocks closed down Tuesday after Trump introduced uncertainty on a meeting with Kim Jong Un, while in Italy questions are swirling around the suitability of the nominated prime minister.
Monetary policy may provide a welcome distraction when the Federal Reserve releases minutes of its latest policy meeting on Wednesday.
Stocks
The Stoxx Europe 600 Index sank 1 percent as of 10:15 a.m. London time, the lowest in more than a week on the biggest tumble in two months.
The U.K.’s FTSE 100 Index sank 0.7 percent.
Germany’s DAX Index sank 1.5 percent.
Currencies
The euro fell 0.4 percent to $1.1735, the weakest in six months.
The British pound sank 0.5 percent to $1.3364, the weakest in five months.
Bonds
The yield on 10-year Treasuries decreased four basis points to 3.02 percent, the lowest in more than a week.
Germany’s 10-year yield dipped five basis points to 0.51 percent, the lowest in five weeks.
Britain’s 10-year yield decreased seven basis points to 1.523 percent, the largest tumble in two months.
Commodities
West Texas Intermediate crude decreased 0.5 percent to $71.85 a barrel, the biggest dip in more than a week.
Gold jumped 0.2 percent to $1,294.20 an ounce.
LME copper sank 2.1 percent to $6,831.00 per metric ton, the lowest in a week on the biggest tumble in almost four weeks.
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