A shift to haven assets in the wake of North Korea’s missile test faded as investor attention turned to central banks and the impending release of minutes of the latest Fed meeting. Oil fell, ending an eight-day winning streak.
Gold and the Japanese yen gave up early gains, with both the metal and the currency retreating. The dollar rose as U.S. stock futures and Treasuries traded sideways before the Federal Reserve release, due today. The euro weakened and European stocks were little changed amid a slew of services data, and as investors await Thursday’s publication of the latest ECB minutes. Oil dropped as Russia was said to oppose moves to deepen OPEC cuts.
These are the main moves in markets:
The Stoxx Europe 600 Index was little changed at 11:17 a.m. in London after surging 1.1 percent on Monday.
Currencies
The Bloomberg Dollar Spot Index strengthened 0.3 percent.
The British pound slipped 0.1 percent to $1.2909.
The euro weakened 0.2 percent to $1.1319.
Commodities
Gold dropped 0.4 percent to $1,218.84 an ounce, erasing an earlier gain of 0.5 percent.
WTI crude tumbled 1.5 percent to $46.36 a barrel.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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