Global Stock Markets
The dollar weakened as investors considered the implications of
personnel turmoil potentially continuing in the Trump administration.
European stocks fluctuated, Asian shares edged lower, and U.S. futures
drifted as equities traded without much conviction.
The greenback was mixed against its major peers, but a jump by the Japanese yen helped drive down Bloomberg’s dollar index. The Washington Post reported that President Donald Trump plans to remove his national security adviser, something the White House press secretary later denied was happening. Treasuries gained, followed by government bonds in Europe, gold and the Swiss franc. The euro advanced with the pound.
A removal of H.R. McMaster as the national security adviser would follow the resignation of the White House’s top economic adviser, Gary Cohn, and the ouster of Secretary of State Rex Tillerson. Investors were earlier weighing the prospects for heightened U.S. trade protectionism after new White House appointee Larry Kudlow said he’d sell gold and buy the greenback, which jumped on Thursday.
Elsewhere, West Texas crude steadied above $61 a barrel as signs of stronger U.S. fuel consumption balanced OPEC’s forecasting for the first time that new supplies from its rivals will exceed demand growth this year.
The MSCI World Index of developed countries decreased less than 0.05 percent to the lowest in more than a week.
The MSCI Asia Pacific Index sank 0.1 percent to the lowest in a week.
Japan’s Nikkei 225 Stock Average declined 0.6 percent to the lowest in a week.
The MSCI Emerging Market Index sank 0.2 percent to the lowest in a week.
The U.K.’s FTSE 100 Index gained 0.1 percent.
Futures on the S&P 500 Index dipped less than 0.05 percent.
The British pound increased 0.2 percent to $1.3959.
The Japanese yen gained 0.6 percent to 105.68 per dollar, the strongest in about 16 months on the largest rise in more than three weeks.
Germany’s 10-year yield fell one basis point to 0.58 percent, hitting the lowest in more than two months with its fifth straight decline.
Britain’s 10-year yield dipped two basis points to 1.438 percent, the lowest in seven weeks.
Gold rose 0.3 percent to $1,320.26 an ounce, the biggest advance in more than a week.
The greenback was mixed against its major peers, but a jump by the Japanese yen helped drive down Bloomberg’s dollar index. The Washington Post reported that President Donald Trump plans to remove his national security adviser, something the White House press secretary later denied was happening. Treasuries gained, followed by government bonds in Europe, gold and the Swiss franc. The euro advanced with the pound.
A removal of H.R. McMaster as the national security adviser would follow the resignation of the White House’s top economic adviser, Gary Cohn, and the ouster of Secretary of State Rex Tillerson. Investors were earlier weighing the prospects for heightened U.S. trade protectionism after new White House appointee Larry Kudlow said he’d sell gold and buy the greenback, which jumped on Thursday.
Elsewhere, West Texas crude steadied above $61 a barrel as signs of stronger U.S. fuel consumption balanced OPEC’s forecasting for the first time that new supplies from its rivals will exceed demand growth this year.
Stocks
The Stoxx Europe 600 Index fell less than 0.05 percent as of 10:24 a.m. London time.The MSCI World Index of developed countries decreased less than 0.05 percent to the lowest in more than a week.
The MSCI Asia Pacific Index sank 0.1 percent to the lowest in a week.
Japan’s Nikkei 225 Stock Average declined 0.6 percent to the lowest in a week.
The MSCI Emerging Market Index sank 0.2 percent to the lowest in a week.
The U.K.’s FTSE 100 Index gained 0.1 percent.
Futures on the S&P 500 Index dipped less than 0.05 percent.
Currencies
The euro climbed 0.1 percent to $1.2323.The British pound increased 0.2 percent to $1.3959.
The Japanese yen gained 0.6 percent to 105.68 per dollar, the strongest in about 16 months on the largest rise in more than three weeks.
Bonds
The yield on 10-year Treasuries decreased two basis points to 2.81 percent, the lowest in more than two weeks.Germany’s 10-year yield fell one basis point to 0.58 percent, hitting the lowest in more than two months with its fifth straight decline.
Britain’s 10-year yield dipped two basis points to 1.438 percent, the lowest in seven weeks.
Commodities
West Texas Intermediate crude rose 0.3 percent to $61.36 a barrel, the highest in a week.Gold rose 0.3 percent to $1,320.26 an ounce, the biggest advance in more than a week.
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