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Main Market Moves Today.

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The dollar strengthened and gold halted a three-day rally as investors eased up on moves toward haven assets. European equities advanced even as BP Plc and BNP Paribas SA slumped after missing earnings estimates.

The Bloomberg Dollar Spot Index rose the most in almost two weeks, with the yen falling after a three-day rally. The Stoxx Europe 600 Index added 0.2 percent, while BP and BNP shares fell more than 2 percent. Gold slipped from the highest since November. That comes after the S&P 500 Index retreated from near-record levels and 10-year Treasury yields slid to a two-week low on Monday. The offshore yuan dropped 0.5 percent after China’s foreign-currency reserves fell below $3 trillion for the first time since 2011.

Here are the main market moves:

Stocks

  • The Stoxx Europe 600 rose 0.2 percent as of 8:20 a.m. in London, after dropping 0.7 percent on Monday. BP lost 2.3 percent as earnings missed estimates after higher oil prices failed to fully compensate for lower income from refining. BNP Paribas slumped 4 percent as profit fell at the French consumer-banking business.
  • The MSCI Asia Pacific Index fell 0.2 percent, after closing Monday at the highest level since July 2015.
  • The Topix index dropped 0.3 percent, following two days of gains. Toyota Motor Corp. dropped 2.3 percent to the lowest since November after reporting a 39 percent decline in third-quarter operating profit.
  • Australia’s S&P/ASX 200 Index rose 0.1 percent, reversing an earlier loss of 0.6 percent. The Reserve Bank of Australia held interest rates unchanged as an upswing in global commodity prices eases the impact of slower economic growth.
  • Hong Kong’s Hang Seng index and the Shanghai Composite Index each lost 0.1 percent ahead of the data on foreign reserves.

Currencies

  • The Bloomberg Dollar Spot Index gained 0.4 percent, rising for a second day. The euro dropped 0.6 percent to $1.0681 after sliding 0.3 percent on Monday.
  • The yen dropped 0.4 percent to 112.22 per dollar, after jumping 0.8 percent in the previous session. The Aussie fell for a second day, after briefly erasing an earlier loss.

Commodities

  • Oil slipped 0.2 percent to $52.93 a barrel, after falling 1.5 percent on Monday after Baker Hughes Inc. said U.S. drillers boosted rig count to the most since October 2015.
  • Gold slipped 0.5 percent to $1,229.89 after advancing for three straight days to the highest level since November.

Bonds

  • Yields on 10-year Treasuries were little changed at 2.41 percent after the biggest drop in more than two weeks in the previous session.
  • Australian 10-year bonds rose, driving yields down seven basis points to 2.70 percent.

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