European Stock Markets
European stocks declined on Tuesday despite broad advances in Asia,
while crude fell as investors braced themselves for President Donald
Trump’s decision on the Iran nuclear deal. The dollar reversed a drop to
strengthen and Treasuries were steady.
The Stoxx Europe 600 Index slumped after two days of gains, dragged lower by oil and gas companies and miners.
Italian stocks were the worst performers in the region as the country looked set for fresh elections. U.S. futures also fell. West Texas crude traded below $70 a barrel, paring a rally that had brought it to the highest since 2014.
Worries about pricey stocks and rising borrowing costs that have roiled developed markets are migrating to the developing world, where higher Treasury yields and a stronger dollar could sap demand for emerging-market assets.
Trump’s foreign policies have further complicated the picture by stoking volatility in commodities.
He’ll announce on Tuesday whether the U.S. will pull out of a nuclear accord with Iran, potentially disrupting supplies from OPEC’s third-largest producer.
The MSCI Emerging Markets gauge climbed for a second day, led by technology stocks. Indonesia’s rupiah tumbled to its weakest since 2015, and the nation’s government bonds slumped. Turkey’s lira hit another low and the country’s benchmark equity index fell.
Stocks
The Stoxx Europe 600 Index declined 0.2 percent as of 10:39 a.m. London time.
The MSCI World Index of developed countries fell 0.1 percent.
The MSCI Asia Pacific Index climbed 0.4 percent to the highest in a week on the largest increase in more than a week.
Japan’s Nikkei 225 Stock Average jumped 0.2 percent, reaching the highest in three months on the first advance in a week and the biggest increase in more than a week.
The MSCI Emerging Market Index jumped 0.3 percent.
The U.K.’s FTSE 100 Index climbed 0.1 percent to the highest in 14 weeks.
Futures on the S&P 500 Index sank 0.3 percent.
Currencies
The Bloomberg Dollar Spot Index climbed 0.2 percent to the highest in almost 19 weeks.
The euro dipped 0.3 percent to $1.1884, the weakest in 19 weeks.
The British pound declined 0.3 percent to $1.3512, the weakest in almost four months on the biggest fall in a week.
The Japanese yen advanced 0.1 percent to 109.03 per dollar, hitting the strongest in two weeks with its fifth straight advance.
Bonds
The yield on 10-year Treasuries climbed less than one basis point to 2.95 percent.
Germany’s 10-year yield climbed one basis point to 0.54 percent.
Britain’s 10-year yield increased one basis point to 1.406 percent.
Commodities
West Texas Intermediate crude decreased 1.2 percent to $69.86 a barrel, the first retreat in a week.
Gold fell 0.3 percent to $1,310.00 an ounce, the biggest fall in a week.
The Stoxx Europe 600 Index slumped after two days of gains, dragged lower by oil and gas companies and miners.
Italian stocks were the worst performers in the region as the country looked set for fresh elections. U.S. futures also fell. West Texas crude traded below $70 a barrel, paring a rally that had brought it to the highest since 2014.
Worries about pricey stocks and rising borrowing costs that have roiled developed markets are migrating to the developing world, where higher Treasury yields and a stronger dollar could sap demand for emerging-market assets.
Trump’s foreign policies have further complicated the picture by stoking volatility in commodities.
He’ll announce on Tuesday whether the U.S. will pull out of a nuclear accord with Iran, potentially disrupting supplies from OPEC’s third-largest producer.
The MSCI Emerging Markets gauge climbed for a second day, led by technology stocks. Indonesia’s rupiah tumbled to its weakest since 2015, and the nation’s government bonds slumped. Turkey’s lira hit another low and the country’s benchmark equity index fell.
Stocks
The Stoxx Europe 600 Index declined 0.2 percent as of 10:39 a.m. London time.
The MSCI World Index of developed countries fell 0.1 percent.
The MSCI Asia Pacific Index climbed 0.4 percent to the highest in a week on the largest increase in more than a week.
Japan’s Nikkei 225 Stock Average jumped 0.2 percent, reaching the highest in three months on the first advance in a week and the biggest increase in more than a week.
The MSCI Emerging Market Index jumped 0.3 percent.
The U.K.’s FTSE 100 Index climbed 0.1 percent to the highest in 14 weeks.
Futures on the S&P 500 Index sank 0.3 percent.
Currencies
The Bloomberg Dollar Spot Index climbed 0.2 percent to the highest in almost 19 weeks.
The euro dipped 0.3 percent to $1.1884, the weakest in 19 weeks.
The British pound declined 0.3 percent to $1.3512, the weakest in almost four months on the biggest fall in a week.
The Japanese yen advanced 0.1 percent to 109.03 per dollar, hitting the strongest in two weeks with its fifth straight advance.
Bonds
The yield on 10-year Treasuries climbed less than one basis point to 2.95 percent.
Germany’s 10-year yield climbed one basis point to 0.54 percent.
Britain’s 10-year yield increased one basis point to 1.406 percent.
Commodities
West Texas Intermediate crude decreased 1.2 percent to $69.86 a barrel, the first retreat in a week.
Gold fell 0.3 percent to $1,310.00 an ounce, the biggest fall in a week.
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