World Headlines: Stocks Fall

World Headlines: Stocks Fall

WORLD HEADLINES – European stocks fell, weighed down by financial shares as third-quarter earnings season continued. The dollar weakened and Treasury yields edged lower amid concern about the progress of U.S. tax reforms and as President Donald Trump arrived in China on a state visit.

STOCKS – The Stoxx Europe 600 Index declined, with lenders underperforming following disappointing results from Credit Agricole SA.

BONDS – The yield on 10-year Treasuries declined one basis point to 2.31 percent, the lowest in more than three weeks.

COMMODITIES – West Texas Intermediate crude declined 0.2 percent to $57.10 a barrel. Gold rose 0.4 percent to $1,280.58 an ounce.

CURRENCIES – The euro strengthened and core government bonds were little changed. Sterling fell as tensions in the U.K. government continue to spill over.

ECONOMIC DATA – CAD Building Permits m/m due at 8:30, Crude Oil Inventories at 10:30, RBNZ Rate Statement 15:30, RBNZ Press Conference at 16:00, CNY CPI y/y at 20:30 ET.

 

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