Market Headlines – 13/11/2017

Posted 13 Nov 2017 by Alan McCarthy


  • US. stocks declined on Friday, with the S&P 500 falling 0.1%, as health-care shares were dragged lower.  Energy stocks also struggled as crude slipped below $57 a barrel amid rising tensions in the Persian Gulf.
  • The yield on 10-year Treasuries punched through 2.4%, joining a spike in European sovereign rates with inflation worries ratcheting up.
  • In political news, investors assessed the House and Senate tax bills amid concerns the Trump administration’s signature proposal may encounter obstacles.



  • Carmakers led the Stoxx Europe 600 Index to its biggest two-day drop since August, with most industry sectors declining. Energy stocks also fell, outweighing a gain in miners.
  • In bond news, Core euro-area bonds fell for a second day as investors continued to reprice the region’s debt securities. German bunds led the decline as traders judged that the recent rally — which came on the heels of the European Central Bank’s latest policy meeting last month — was overdone.



  • In Asia overnight, Japanese shares came under pressure, the Topix index slid for a third day and the Nikkei 225 retreated for a fourth session following gains last week that pushed them to levels unseen since 1991 and 1992 respectively. Chinese shares gained 0.3%.


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