Government bond yields declined
In Europe, the Stoxx Europe 600 was down 0.3% in morning trade. Materials and information technology sectors notched the biggest losses while communication services and utilities sectors rose.
The UK’s FTSE 100 shed 0.4%. Other stock indexes in Europe also mostly fell as France’s CAC 40 lost 0.5%, the UK’s FTSE 250 was lower 0.4% and Germany’s DAX was lower 0.2%.
The Swiss franc, the euro and the British pound fell 0.1%, 0.1% and 0.3% respectively against the US dollar.
In commodities, Brent crude was down 1.4% to $109.95 a barrel. Gold was also down 0.1% to $1,806.40 a troy ounce.
German 10-year bund yields were down to 0.946% and the UK 10-year gilts yield was down to 1.741%. 10-year US Treasury yields slipped to 2.902% Monday from 2.932% Friday. Yields move inversely to bond prices.
Indexes in Asia were mixed as Hong Kong’s Hang Seng climbed 0.2% after falling as much as 0.6% earlier and Japan’s Nikkei 225 index added 0.5%, whereas China’s benchmark Shanghai Composite shed 0.3% after trading higher 0.5% during the session.
—An artificial-intelligence tool was used in creating this article.
Credit: www.Businesshala.com /