Yield on the 10-year US Treasury remains low
European stocks fell on Tuesday. The Stockx Europe 600 was down 0.8% in morning trade. The industrials and utilities sector narrowed the losses while the real estate sector rose.
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Airbus declined 2.1% and Safran fell 2.8%.
Britain’s FTSE 100 was down 0.8%. Other stock indexes in Europe also slipped mostly as France’s CAC 40 fell 1%, the UK’s FTSE 250 lost 1% and Germany’s DAX lost 0.9%.
The Swiss franc, the euro and the British pound were up 0.4%, 0.4% and 0.2%, respectively, against the US dollar.
Among commodities, international benchmark Brent crude was down 0.9% at $112.35 a barrel. Gold rose 0.4% to $1,855.20 per troy ounce.
German 10-year Bund yields were broadly flat and UK 10-year gilt yields declined to 1.951%. The yield on the 10-year US Treasury declined to 2.822% from 2.857%. Bond yields move inversely to prices.
In Asia, the index fell mostly as Hong Kong’s Hang Seng fell 1.9%, Japan’s Nikkei 225 index dropped 0.9% and China’s benchmark Shanghai Composite dropped 2.4%.
—An artificial-intelligence device was used in the making of this article.
Credit: www.Businesshala.com /