Cryptocurrencies
Stocks Fall Most in 2018 as Treasury Yields Climb: Markets Wrap
- Euro, yen, franc drop versus greenback; Europe stocks struggle
- Zinc surges with other base metals amid optimism over growth
This article is for subscribers only.
The Standard & Poor’s 500 Index declined by the most since September and yields on benchmark Treasuries touched the highest levels since early 2014 as traders gear up for a hectic week of data and policy announcements. The dollar strengthened against all its major rivals.
The Dow Jones Industrial Average also declined by the most in almost five months. The euro retreated as German bonds dropped for a fourth day, while the Stoxx Europe 600 Index inched lower after the MSCI Asia Pacific Index slumped earlier. Treasuries climbed from the lows of the day after data on personal income and spending.