European Stocks Steady; Treasuries, Gold Advance

European shares were steady following a late downswing in Asia, as markets struggled to find direction after last week’s rout. The dollar weakened against most major currencies and Treasuries edged higher with gold.

The Stocks Europe 600 Index traded little changed after a jump yesterday, while S&P 500 futures declined. The 10-year Treasury yield fell back after touching 2.89 percent and German bunds steadied. Commodities found support from the weaker dollar, with Brent crude heading for the first advance in a eight sessions, and bullion set for back-to-back gains. South Africa’s rand fluctuated as the country’s ruling African National Congress party decided to tell President Jacob Zuma to step down.

The Stoxx Europe 600 Index increased 0.1 percent at 372.25 as of 8:24 a.m. London time.

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Gold Drops as U.S. Senate Passes Tax-Cut Legislation

Gold drops orlistat 120 mg canada after Senate Republicans on Saturday approved a rewrite of the U.S. tax code, slashing corporate rates and providing temporary cuts for most Americans, stoking optimism over President Donald Trump’s stimulus plans.

Bullion for immediate delivery as much as -0.6% to $ 1,272.60/oz, and was at $ 1,274.48 at 1:15pm in Singapore: Bloomberg generic pricing. Bloomberg Dollar Spot Index +0.3%.

Source: Bloomberg

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European Stocks Decline as Miners Cool; Gold Rises

European stocks slipped, dragged down by basic resources companies cooling off after recent gains and as the region single currency edged higher. Gold rose with oil and government bonds were mixed.

The Stoxx Europe 600 Index fell along with most major western European benchmark gauges, though moves were not large and echoed lackluster trading in Asia and the U.S. a day earlier. Futures also pointed to a lower opening for the S&P 500 Index, while the dollar and Treasuries edged downward.

·         The Stoxx Europe 600 Index dipped 0.1 percent as of 8:23 a.m. in London.

·         The MSCI All-Country World Index gained less than 0.05 percent to the highest on record.

buy meclizine over the counter ·         The U.K.’s FTSE 100 Index decreased 0.1 percent.

·         Germany’s DAX Index sank 0.2 percent.

 

Source: Bloomberg

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