Asian stocks tumbled toward the biggest monthly drop in more than three years, while U.S. bond yields fell to a record low as divisions widened over solving Europe’s debt crisis. European equity futures rose.
The MSCI Asia Pacific Index lost 0.6 percent as of 7:01 a.m. in London, set for a 10 percent monthly decline. Futures on the Euro Stoxx 50 Index advanced 0.2 percent, while those on the Standard & Poor’s 500 Index rose 0.3 percent. Yields on 10-year Treasuries slid as much as 3 basis points to 1.59 percent, while similar-maturity Australian debt fell below 3 percent for the first time. The yen reached the highest in more than three months against the dollar
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The MSCI Asia Pacific Index lost 0.6 percent as of 7:01 a.m. in London, set for a 10 percent monthly decline. Futures on the Euro Stoxx 50 Index advanced 0.2 percent, while those on the Standard & Poor’s 500 Index rose 0.3 percent. Yields on 10-year Treasuries slid as much as 3 basis points to 1.59 percent, while similar-maturity Australian debt fell below 3 percent for the first time. The yen reached the highest in more than three months against the dollar
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