Europe Stocks Decline Amid EM Turmoil; Dollar Advances

Stocks dropped in Europe and Asia as continued pressure in many emerging markets intensified concerns of contagion. With investors seeing no let-up in trade tensions, the dollar strengthened for a fifth session and commodities fell, led by oil.

The Stoxx Europe 600 index slipped to its lowest level since July, led by declines in miners and automakers. U.S. equity-index futures declined as well. A day after developing-market currencies slumped, it was the stock market’s turn in the hot seat, with equities sliding from Japan to Australia and declines in the Philippines and Indonesia among the worst. The dollar advanced on the back of robust U.S. data, while 10-year Treasury yields hovered around 2.89 percent.

The Stoxx Europe 600 Index fell 0.3 percent at 378.52 as of 8:07 a.m. London time, the lowest in more than two months.

Source : Bloomberg

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