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Europe Stocks Track Asia Losses; Dollar, Oil Climb: Markets Wrap

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Tension surrounding the Korean peninsula once again sapped global equity markets, with European stocks following their Asian peers into the red as the rhetoric continued and investors remained on edge. The dollar strengthened a day before U.S. inflation data, and oil advanced.

Japan’s yen edged higher, extending yesterday’s increase as havens including gold continued to find support.
Here are the main moves in markets:
The Stoxx Europe 600 Index decreased 0.4 percent as of 9:52 a.m. in London, the lowest in more than a week on a closing basis.
The MSCI All-Country World Index fell 0.2 percent to the lowest in more than two weeks.
The U.K.’s FTSE 100 Index fell 0.7 percent on the largest fall in almost two weeks.

Currencies

The Bloomberg Dollar Spot Index climbed 0.1 percent, hitting the highest in more than two weeks with its fifth straight advance.

The euro dipped 0.2 percent to $1.1733, the weakest in two weeks.

Commodities

Gold rose 0.1 percent to $1,278.04 an ounce, the strongest in two months.

West Texas Intermediate crude climbed 0.4 percent to $49.75 a barrel, the highest in more than a week.

Source: Bloomberg Pro Terminal

Junior Trader Stefan Panteleev


 Varchev Traders

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