[...] slumped. The S&P 500 Index’s small loss was still its biggest in more than a week after a five-day rally that added more than 5% to the benchm
[…] slumped. The S&P 500 Index’s small loss was still its biggest in more than a week after a five-day rally that added more than 5% to the benchmark. The Stoxx Europe 600 index headed for its first in four sessions, led by oil producers. That followed declines across Asia, where Hong Kong’s gauge underperformed as police used tear gas and rubber bullets in an attempt to disperse protesters who have closed roads in the city’s financial district . The dollar edged higher after a closely watched measure of U.S. inflation trailed forecasts in May. Just as investor concern over protectionism and global growth seemed to be easing, President Trump’s announcement that he is personally delaying a trade deal with China and won’t complete the accord unless Beijing returns to terms negotiated earlier this year set in motion a fresh wave of uncertainty. The […] too high’ interest rates. Elsewhere, West Texas oil slumped in New York after an industry report showed U.S. crude inventories swelling further. The lira erased a decline after Turkey’s central bank left its policy rate unchanged. Gold rose as the appetite for havens grew. These are the main moves in markets: Stocks The S&P 500 Index slipped 0.1% as of 6:33 a.m. PDT. The Stoxx Europe 600 Index dipped 0.4%, the biggest decrease in more than a week. Britain’s FTSE 100 Index decreased 0.6%, the first retreat in more than a week. The MSCI Emerging Market Index sank 0.4%, the biggest dip in almost three weeks. Currencies The euro fell 0.1% to $1.1314. The British pound climbed 0.1% to $1.2737. The Japanese yen was little changed at 108.48 per dollar. Bonds The yield on 10-year Treasuries decreased less than one basis point to 2.14%. Germany’s 10-year […]
COMMENTS