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Stocks Stall as Growth Worries Linger; Pound Gains


Wednesday, 13 March 2019 15:47 WIB

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Stocks in Europe and U.S. equity futures struggled for traction on Wednesday as a positive start to the week faded amid lingering concern over the outlook for the global economy. The pound gained ahead of the next major Brexit vote.

The Stoxx Europe 600 Index dipped 0.1 percent as of 8:07 a.m. London time. Retailers weighed on the Stoxx Europe 600 Index after disappointing earnings from Inditex, owner of the Zara chain, and Adidas. Contracts on the S&P 500 signaled a soft open for U.S. shares, while stocks slipped from Sydney to Shanghai. Treasury yields ticked higher after dropping Tuesday in the wake of softer inflation data that bolstered bets the Federal Reserve will remain patient. The dollar gained for the first time in four days, and the yuan dipped.

Source : Bloomberg


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