FYI: European stocks followed Asian indexes lower Tuesday, while haven assets gained, as investors turned cautious a day after the recent rally in global markets paused.
The Stoxx Europe 600 slipped 0.1% in morning trade, led by losses for the index’s autos and banking sectors.
In Asia, Japan’s Nikkei was down 0.4%, the Hang Seng in Hong Kong slipped 1.2% and China’s benchmark Shanghai composite fell 0.9%.
Assets perceived by investors to be safer stores of wealth strengthened, with U.S. government bonds and gold both rising.
The yield on the 10-year U.S. Treasury note, which falls as the price rises, dipped to 2.010%, from 2.021% on Monday. Gold prices climbed 1.1% to $1,435.05 a troy ounce.
U.S. stock futures were also lower following a quiet session Monday. Dow Jones Industrial Average and S&P 500 futures were both down 0.2%.
Bitcoin prices jumped 4.4% against the dollar Tuesday, adding to a rally that has been building for several weeks, and it received another boost from recently announced plans for a new cryptocurrency created by Facebook . The bitcoin price recently rose above $11,000 for the first time in more than a year and was last at $11,331.
The WSJ Dollar Index, which tracks the dollar against a basket of its peers, was broadly flat.
Shares in Capgemini and its smaller rival Altran Technologies led gains among European stocks after the French companies agreed to merge. Altran shares soared 21% while Capgemini rose 7.1%.
Elsewhere in commodities, global benchmark Brent crude shed 0.5% to $63.86 a barrel, while U.S. benchmark West Texas Intermediate fell 0.3% to $57.76.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-treasury-yields-slip-11561449091Bloomberg:
https://www.bloomberg.com/news/articles/2019-06-24/asian-stocks-set-to-drift-treasury-yields-drop-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-amd-shopify-zoom-video-growth-stocks-offer-market-rally-warning/CNBC:
https://www.cnbc.com/2019/06/25/stock-market-wall-street-in-focus-as-investors-await-more-fed-talk.htmlReuters:
https://uk.reuters.com/article/us-global-markets/trade-stress-iran-tensions-hits-stocks-dollar-frets-on-fed-doves-idUKKCN1TQ01LU.K.
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-drops-on-iran-sanctions-exacerbate-trade-jitters-idUKKCN1TQ0MZEurope:
https://www.reuters.com/article/us-europe-stocks/capgemini-deal-soothes-nervy-european-markets-idUSKCN1TQ0OFAsia:
https://www.marketwatch.com/story/asian-markets-inch-down-ahead-of-trump-xi-meeting-at-g-20-2019-06-24/printBonds:
https://www.cnbc.com/2019/06/25/us-treasury-yields-lower-ahead-of-powells-speech.htmlCurrencies:
https://www.cnbc.com/2019/06/25/forex-market-the-fed-us-china-trade-war-in-focus.htmlOil:
https://www.cnbc.com/2019/06/25/oil-market-us-iran-tensions-us-china-trade-talks-in-focus.htmlGold:
https://www.cnbc.com/2019/06/25/gold-market-us-iran-tensions-greenback-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
