Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

GLOBAL MARKETS-Stocks extend selloff, Treasury yields retreat from near 4-yr highs

Published 06/02/2018, 05:35 am
Updated 06/02/2018, 05:40 am
© Reuters.  GLOBAL MARKETS-Stocks extend selloff, Treasury yields retreat from near 4-yr highs
EUR/USD
-
US500
-
DJI
-
DX
-
LCO
-
CL
-
IXIC
-
US10YT=X
-
FTEU3
-
MIWD00000PUS
-
DXY
-
SPNY
-
SPXHC
-

* S&P 500 down more than 1 pct in afternoon trading

* 10-year Treasury yields hit four-year high overnight

* Oil prices fall (Updates with afternoon U.S. markets' activity, changes dateline, previous LONDON)

By Caroline Valetkevitch

NEW YORK, Feb 5 (Reuters) - Stocks on global markets extended their recent selloff on Monday, led by declines in energy shares, while U.S. Treasury yields receded from almost four-year highs overnight.

The S&P 500 and Dow Jones Industrial Average were down more than 1 percent on Monday after registering their worst weeks on Friday since early January 2016.

The S&P energy index .SPNY , down 2.9 percent, was the biggest daily percentage decliner, followed by healthcare .SPXHC , down 2.2 percent.

Oil prices were lower, pressured by rising U.S. output and other factors. U.S. 10-year note yields US10YT=RR surged to 2.885 percent overnight, the highest since January 2014, following data Friday that showed hourly wages rose in January.

The 10-year notes were last up 6/32 in price to yield 2.8318 percent, down from 2.852 percent late on Friday. that inflation is firming have raised some traders' expectations that the Federal Reserve may hike interest rates four times this year. Fed officials have indicated that three rate hikes are likely.

"Even if you think it's gone too far, or even if you think we've sold off a little more than probably warranted at this point, you don't really have those buyers that are willing to step in and stop it until we see some signs of slowing," said Blake Gwinn, an interest rate strategist at NatWest Markets in Stamford, Connecticut.

The Dow Jones Industrial Average .DJI fell 409.33 points, or 1.6 percent, to 25,111.63, the S&P 500 .SPX lost 38.45 points, or 1.39 percent, to 2,723.68 and the Nasdaq Composite .IXIC dropped 72.23 points, or 1 percent, to 7,168.72. pan-European FTSEurofirst 300 index .FTEU3 lost 1.51 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 1.52 percent. euro pared some losses against the dollar after European Central Bank President Mario Draghi said the euro zone economy has strengthened enough to lift regional inflation towards the ECB's 2-percent goal. dollar index .DXY rose 0.34 percent, with the euro last EUR= down 0.38 percent to $1.2413.

In commodities, U.S. crude CLcv1 fell 2.38 percent to $63.89 per barrel and Brent LCOcv1 was last at $67.49, down 1.59 percent on the day. World FX rates in 2017

http://tmsnrt.rs/2egbfVh Global assets in 2018

http://tmsnrt.rs/2jvdmXl Emerging markets in 2018

http://tmsnrt.rs/2ihRugV

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.