Market Headlines 6/9/2017

US

  • US. stocks fell, declining 0.8%, ending a six-day rally, as tensions with North Korea mounted and another Atlantic hurricane threatened to make US landfall.
  • In line with the move in stocks, U.S. 10 year Treasury yields fell amid lingering unease over North Korean plans for a ballistic missile launch, while Hurricane Irma threatened a region already dealing with the devastation from Harvey.
  • Oil climbed for a third day, rising 2%.
  • In currency news, the dollar lost ground against the euro following dovish comments from Fed Governor Lael Brainard.

 

Europe

  • European equities fell 0.3% as investors assess geopolitical risks tied to North Korea’s nuclear test ahead of a meeting of the European Central Bank on Thursday.
  • A recent survey indicates that investors expect Draghi will carefully express concern over the euro’s strength, but will wait until the October meeting to outline the future path of the asset-purchase program in detail.

 

Asia

  • In Asia overnight, most stock markets fell as nations grapple with how to deal with escalating provocations from North Korea.
  • Chinese equities were flat overall and Japanese equities declined 0.1% as the yen approached its strongest level year to date.
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