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The Breakfast Briefing: Wall Street Selloff Spreads To Asia, Europe

TedTed
in The Bullpen
FYI: There was little respite for equity investors on Thursday as the biggest U.S. stock selloff in months rolled through Asia and Europe and futures pointed to another drop at the New York open. Amid cautious trading, core European bonds gained and Treasuries were steady.

The worst of the stock declines were in Asia, where China’s Shanghai Composite gauge closed down more than 5 percent. Taiwan’s technology-heavy TWSE Index plummeted more than 6 percent in the region’s worst performance. By comparison, European losses were more contained, with the Stoxx Europe 600 Index and Britain’s FTSE 100 both slipping no more than 2 percent. Italian equities headed for a bear market, however, and LeasePlan Group NV pulled a planned IPO.

Contracts across all three of the S&P 500, Dow Jones and Nasdaq indexes extended losses from Wednesday, after the latter gauge plunged more than 4 percent for its worst day in seven years. Treasuries, which helped trigger the stock selloff when 10-year yields hit the highest since 2011, fluctuated in a narrow range after jumping on Wednesday
Regards,
Ted

WSJ:
https://www.wsj.com/articles/markets-tumble-across-asia-led-by-tech-as-growth-worries-dominate-1539225820

Bloomberg:
https://www.bloomberg.com/news/articles/2018-10-10/asia-braces-for-losses-after-u-s-stocks-plunge-markets-wrap?srnd=premium

CNBC:
https://www.cnbc.com/2018/10/11/us-markets-focus-on-wall-street-rout-as-it-batters-global-markets.html

Europe:
https://www.cnbc.com/2018/10/11/european-stocks-set-to-open-sharply-lower-amid-market-sell-off.html

Asia:
https://www.cnbc.com/2018/10/11/asia-markets-wall-street-sell-off-the-fed-currencies-in-focus.html

Bonds:
https://www.cnbc.com/2018/10/11/us-bonds-and-fixed-income-global-equity-markets-in-turmoil.html

Currencies:
https://www.cnbc.com/2018/10/11/forex-markets-dollar-yen-us-stock-sell-off-in-focus.html

Oil:
https://www.cnbc.com/2018/10/11/oil-markets-global-stock-markets-us-crude-oil-inventories-in-focus.html

Gold:
https://www.cnbc.com/2018/10/11/gold-prices-us-data-dollar-us-stock-sell-off-in-focus.html

Current Futures:
https://finviz.com/futures.ashx

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