Stocks Drop as Markets Remain Fragile

The Stoxx 600 index dropped 0.8 per cent, snapping two days of gains and trimming its fourth weekly advance in five. U.S. equity futures edged lower and the 10-year Treasury yield near 4 per cent. The British pound led gains among G10 currencies against the dollar after the strongest quarterly growth in more than a year.

“There may be other accidents waiting to happen as a result of sharply higher rates that we just haven’t seen come through yet,” said Richard Flax, chief investment officer at European digital wealth manager Moneyfarm. “Policymakers seem to be trying to signal to investors that they may be too optimistic to be looking for early rate cuts.”

In currencies, the Bloomberg Dollar Spot Index was flat after rising Thursday. The greenback is set for a fourth week of gains, the longest such streak since February. In commodities, oil was on track to end the week little changed, after touching the highest since November in recent days, as the International Energy Agency’s monthly snapshot pointed to a robust market.Virgin Galactic Holdings Inc. gained after the company said it aims to launch its next space tourist mission in early September.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Canada's Stock Market Rises as U.S. Markets DeclineCanada's main stock market, the S&P/TSX composite index, showed a slight rebound on Wednesday despite a decline in U.S. markets. The rise was driven by energy stocks, while health care and metals offset some gains. Investors are shifting towards defensive sectors due to weaker global economic data, particularly in China. The cheaper valuation of Canadian stocks compared to the U.S. may also be attracting foreign investors.
La source: GlobalNational - 🏆 81. / 51 Lire la suite »

Big bank earnings to take hit from capital markets, M&A slump, RBC saysRBC says slumping capital markets and M\u0026amp\u003BA revenues are set to hit earnings at Canada’s biggest banks. Read more.
La source: nationalpost - 🏆 10. / 80 Lire la suite »

Canada bank earnings to take hit from capital markets, M&A slump, RBC says - BNN BloombergSlumping capital markets and M&A revenues are set to hit earnings at Canada’s biggest banks when they report this month, according to Royal Bank of Canada.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Canadian big bank earnings to take hit from capital markets slump: RBCRBC says slumping capital markets and M\u0026amp\u003BA revenues are set to hit earnings at Canada’s biggest banks. Read more.
La source: financialpost - 🏆 7. / 85 Lire la suite »