FYI: Global stocks were slipped Tuesday, as investors continued to weigh the impact of rising bond yields and signs that the global economy is cooling.
The Stoxx Europe 600 fell 0.4%, dragged down by the automotive and chemicals sectors. Asian markets were mixed, with big losses in Japan and small gains in China.
On Wall Street, futures pointed to an opening loss of 0.5% for the S&P 500.
On Tuesday, investors continued to sell U.S. government debt, sending the 10-year U.S. Treasury yield to a new seven-and-a-half year high. The yield rose to 3.245% from 3.227%. Yields move inversely to prices.
Equity markets in recent days have been rattled by the bond selloff, as higher yields make riskier investments like stocks less attractive to investors and can also contribute to a slowdown in the economy. This added to a volatile stretch for markets, already under pressure from international trade frictions, problems in the eurozone and volatility in emerging markets.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-markets-muted-higher-yields-in-focus-1539070776IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-apple-stock-boeing-stock-unitedhealth/CNBC:
https://www.cnbc.com/2018/10/09/us-futures-drop-as-investors-fret-over-higher-interest-rates.htmlEurope:
https://www.cnbc.com/2018/10/09/european-stocks-set-to-open-higher-as-italy-budget-tensions-rumble-on.htmlAsia:
https://www.marketwatch.com/story/nikkei-slips-but-chinese-stocks-bounce-back-after-mondays-plunge-2018-10-08/printBonds:
https://www.cnbc.com/2018/10/09/us-treasury-yields-extend-gains-and-hit-multi-year-highs.htmlCurrencies:
https://www.cnbc.com/2018/10/09/forex-market-dollar-yen-china-italy-in-focus.htmlOil:
https://www.cnbc.com/2018/10/09/oil-markets-iranian-crude-exports-ahead-of-sanctions-by-us-in-focus.htmlGold:
https://www.cnbc.com/2018/10/09/gold-markets-china-economy-us-bond-yields-europe-politics-in-focus.htmlCurrent Futures:
https://finviz.com/futures.ashx
