U.S. stocks fell with European equities and
Treasuries rose as the crisis in Ukraine escalated and a selloff in
technology shares resumed. Emerging markets slumped with metals as
China™s money supply grew at the slowest pace on record.
The Standard & Poor 500 Index lost 0.5 percent
at 12:12 p.m. in New York, after jumping 0.7 percent earlier. The Nasdaq
Composite Index dropped 1.4 percent to the lowest level since November
as technology shares slid. The yield on 30-year Treasuries slipped to
the lowest level in nine months. The Stoxx Europe 600 Index declined 1
percent. The MSCI Emerging Markets Index tumbled 1.4 percent, and a
gauge of Chinese shares in Hong Kong lost the most in two months. Gold
dropped 1.8 percent. The Aussie depreciated against 15 of its 16 major
peers.
Ukraine unleashed an offensive to dislodge
militants from towns in its eastern Donetsk region as Russia™s prime
minister said the country risks civil war. China money supply grew less
than forecast and the broadest measure of credit fell 19 percent from a
year earlier in March before data that™s expected to show economic
growth slowed in the first quarter. Coca-Cola Co. and Johnson &
Johnson rallied after reporting earnings.
Copy Source: Bloomberg
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