Global Stocks continue to fall because of the threat of a U.S. government shutdown
Global Stocks continue to fall because as the threat of a U.S. government shutdown sent dismayed investors sailing for safer harbors.
- Japan’s Nikkei fell 1.5 percent, and was down more than 6 percent for the week so far.
- Australian stocks slipped 1.3 percent to a two-year trough.
- Dow ended Thursday with a loss of 1.99 percent.
- S&P 500 dived 1.58 percent Nasdaq 1.63 percent.
- Nasdaq loss 1.63 percent.
- E-Mini futures for the S&P 500 were off another 0.3 percent.
- MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.5 percent.
Chinese blue chips lost 1.6 percent.
- The dollar dived 1.1 percent on the yen on Thursday to hit a three-month trough at 110.80.
- The dollar stood at 96.457
- The euro stood at $1.1444.
- Gold hold at $1,259.29 an ounce.
- Brent rose 31 cents to $54.66
- U.S. crude eked out a 38 cent bounce to $46.26 a barrel.
- U.S. 10-year yields struck their lowest since early April at 2.748 percent.
- Between Two- and 10-year yields shrank to just 9 basis points at one stage,
- Yields in Japan and Australia also reached multi-month lows.