The MSCI All-Country World Index (MXWD) declined 0.2 percent as of 8 a.m. in London. The Stoxx Europe 600 Index lost 0.4 percent and Standard & Poor’s 500 Index futures dropped 0.3 percent. The euro slipped 0.2 percent to $1.3154, while the dollar rose against all 16 major peers. The yen retreated 0.5 percent versus the U.S. currency. Copper, zinc and nickel slumped at least 0.3 percent. Oil declined 0.3 percent to $100.57 a barrel. Italian 10-year bond yields rose four basis points to 5.65 percent.
Stocks Drop as Moody’s Cuts Ratings on Six European Nations; Euro Weakens
The MSCI All-Country World Index (MXWD) declined 0.2 percent as of 8 a.m. in London. The Stoxx Europe 600 Index lost 0.4 percent and Standard & Poor’s 500 Index futures dropped 0.3 percent. The euro slipped 0.2 percent to $1.3154, while the dollar rose against all 16 major peers. The yen retreated 0.5 percent versus the U.S. currency. Copper, zinc and nickel slumped at least 0.3 percent. Oil declined 0.3 percent to $100.57 a barrel. Italian 10-year bond yields rose four basis points to 5.65 percent.
