Stocks Decline With Oil as Apple Tumbles on Forecast; Bonds Fall
- Oil slips as unxepected supply drop was centered on West Coast
- Bonds retreat amid growing debt supply, Fed rate hike wagers
Apple's Vision Questioned in Search for Next Big Thing
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
A barrage of uninspiring outlooks from bellwethers including Apple Inc. and Bayer AG sent global equities down. Oil slumped.
The MSCI All Country World Index posted a back-to-back slide as oil retreated after data showed an unexpected decrease in U.S. stockpiles was centered on the West Coast. Yields on two-year Treasuries, the most sensitive to Federal Reserve expectations, rose to the highest since June as traders bet on tighter policy by December. Italian bonds led losses in the euro-area as a glut of supply from governments and companies weighed on the market.