Stocks slip while bond yields keep advancing
US stocks slipped on Thursday led by technology shares. lost 0.2% to 24713.98. The slid less than 0.1% to 2720.13. The fell 0.2% to 7382.47. The strengthening accelerated again: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.2% to 92.446 but is lower currently. Stock indices futures indicate mixed openings today.
Bond yields continued to rise with Treasury note yield near 3.1%, a seven year high. Technology stocks followed Cisco’s lead which slumped 0.5% after downbeat report. In economic news rose by 11,000 to 222,000 last week, the highest level in a month, but still near multi-decade lows. The rose sharper than expected.
Energy shares lead European stocks higher
European stocks extended gains on Thursday led by energy. The euro continued the slide against the dollar while theBritish Pound extended gains, with both rising currently. The index rose 0.7%. Germany’s gained 0.9% to 13114.61. France’s outperformed jumping 1% and UK’s added 0.7% to 7787.97. Markets opened flat to lower today.
was buoyed by news Britain plans to stay in Europe’s customs union after Brexit on a temporary basis to avoid a hard border with Ireland.
Asian markets rebound
Asian stock indices are mostly higher today. rose 0.4% to three-and-half month high 22930.36 helped by continued yen slide against the dollar. Chinese stocks are higher despite US President Donald Trump’s comment China had become “spoiled” and he doubted trade negotiations would be successful: the is 1.2% higher and Hong Kong’s is up 0.5%. Australia’s is down 0.1% as turned higher against the greenback.
Nikkei Daily Chart
Brent futures prices are steady today on strong demand. They