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The Breakfast Briefing: Global Stocks Stabilize After Steep Selloff
FYI: Global stocks steadied Friday, calming jittery investors who had been weighing whether this week’s deep selloff was the beginning of a broader downturn or simply a two-day blip.
Equity markets from the U.S. to Asia have suffered the biggest shakeout since February on concerns around the steep rise in bond yields and escalating trade tensions between the U.S. and China.
But stocks across Europe and Asia were trading higher on Friday morning. The Stoxx Europe 600 was up 0.6%. Japan’s Nikkei Stock Average was up 0.5% while Hong Kong’s Hang Seng rose 2.1%.
In the U.S., futures pointed to a 0.9% opening gain for the S&P 500 and a 0.8% rise for the Dow Jones Industrial Average after a stinging retreat in the previous session. Regards, Ted
