Stocks Fall on US Economic Data and Europe Angst: Markets Wrap
==========
The stock market is ending the week on a sour note after a disappointing US economic data and worries that a political crisis in France is deepening. US consumer sentiment unexpectedly fell to a seven-month low. French shares lost roughly $200 billion in market capitalization following President Emmanuel Macron’s decision to call a snap election. The nation’s bonds were at the heart of the rout, with the premium that investors demand to own 10-year debt over safer German peers heading for the biggest weekly surge on record. Traders shunned risk assets. The S&P 500 dropped to around 5,410. The Stoxx Europe 600 fell almost 1%. Treasury 10-year yields declined five basis points to 4.20%. The dollar headed toward its highest since November. The euro is the worst-performing major currency this week against the greenback. Transactions of more than $1 million among the dollar-denominated bonds of major French banks have proliferated in recent days. Tesla Inc. investors re-approved Elon Musk’s compensation and cleared the company moving its legal home to Texas. Adobe Inc. projected strong future sales for its creative products. Furniture retailer RH reported a heavier-than-expected first-quarter loss.
#StockMarket #UsEconomicData #Europe #France #UsConsumerSentiment #Bonds #RiskAssets #S&p500 #StoxxEurope600 #TreasuryYields #Dollar #Euro #Tesla #Adobe #Rh
https://finance.yahoo.com/news/asian-stocks-set-fall-yen-223414813.html
Yahoo Finance /
npub1j0…s3yhd
2024-06-14 14:55:22
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-06-14 14:55:22Event JSON
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"content": "Stocks Fall on US Economic Data and Europe Angst: Markets Wrap\n==========\n\nThe stock market is ending the week on a sour note after a disappointing US economic data and worries that a political crisis in France is deepening. US consumer sentiment unexpectedly fell to a seven-month low. French shares lost roughly $200 billion in market capitalization following President Emmanuel Macron’s decision to call a snap election. The nation’s bonds were at the heart of the rout, with the premium that investors demand to own 10-year debt over safer German peers heading for the biggest weekly surge on record. Traders shunned risk assets. The S\u0026P 500 dropped to around 5,410. The Stoxx Europe 600 fell almost 1%. Treasury 10-year yields declined five basis points to 4.20%. The dollar headed toward its highest since November. The euro is the worst-performing major currency this week against the greenback. Transactions of more than $1 million among the dollar-denominated bonds of major French banks have proliferated in recent days. Tesla Inc. investors re-approved Elon Musk’s compensation and cleared the company moving its legal home to Texas. Adobe Inc. projected strong future sales for its creative products. Furniture retailer RH reported a heavier-than-expected first-quarter loss.\n\n#StockMarket #UsEconomicData #Europe #France #UsConsumerSentiment #Bonds #RiskAssets #S\u0026p500 #StoxxEurope600 #TreasuryYields #Dollar #Euro #Tesla #Adobe #Rh\n\nhttps://finance.yahoo.com/news/asian-stocks-set-fall-yen-223414813.html",
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