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Stock market today: World shares and oil prices slide ahead of US economic update

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World shares and crude oil prices have slipped ahead of an update on the state of the U.S. economy in the last quarter.

for July-September are due later Thursday. The government is expected to report robust growth that highlights the durability of consumer and business spending

Germany's DAX fell 1.4% to 14,681.30 and the CAC 40 in Paris shed 0.8% to 6,863.37. Britain's FTSE 100 was down 0.7% at 7,365.02.The yield on the 10-year Treasury has nudged back up toward 5%. It was at 4.97% early Thursday after dipping to 4.82% late Tuesday. High yields whittle away at prices for stocks and other investments while slowing borrowing and adding pressure to the financial system. They tend to take the biggest toll on stocks seen as pricey or those requiring their investors to wait the longest for big growth.

 

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