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Stocks dip, oil slides and havens shine as growth nerves nag

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Stock markets slipped on Thursday and safe havens such as government bonds, gold and the yen were supported in Asia, as a hint of uneasiness crept in over the outlook for interest rates and growth, particularly outside of the United States.

"We do seem to have stalled somewhat as we head into the year end," said Jun Bei Liu, a portfolio manager at Tribeca Investment Partners in Sydney.

The yen, a safe-haven asset which has also lately been sensitive to oil prices, had its sharpest one-day jump against the dollar in three months on Wednesday while gold rose almost 1% and Treasuries rallied along the curve. Benchmark 10-year Treasury yields were steady in Tokyo at 1.5889% after falling about 5.5 basis points overnight.

 

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