Stocks Stall After U.S. Tech Slide; Pound Drops: Markets Wrap

European stocks struggled for direction and U.S. futures fluctuated as investors reassessed the outlook after American technology giants tumbled and prospects dimmed for fresh stimulus.

Stocks

  • The Stoxx Europe 600 Index climbed 0.1% as of 8:23 a.m. London time.
  • Nasdaq 100 Index futures dipped 0.2%.
  • Futures on the S&P 500 Index fell 0.1%.
  • The MSCI Asia Pacific Index fell 0.5%.

Currencies

  • The British pound dipped 0.6% to $1.3317.
  • The Japanese yen weakened 0.3% to 104.57 per dollar.
  • The Turkish lira weakened 0.3% to 7.8515 per dollar.

Bonds

  • The yield on 10-year Treasuries decreased one basis point to 0.92%.
  • Britain’s 10-year yield dipped three basis points to 0.236%.
  • Germany’s 10-year yield fell one basis point to -0.61%.
  • Australia’s 10-year yield fell four basis points to 0.9905%.

Commodities

  • West Texas Intermediate crude increased 0.5% to $45.75 a barrel
  • Gold weakened 0.2% to $1,836.05 an ounce.Iron ore gained 4.6% to $153.40 per metric ton.
  • Platinum decreased 0.3% to $1,015.50 an ounce.

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