European stocks followed Asian shares lower, while U.S. equity benchmarks pointed to a softer open in the wake of Tuesday’s record close. Treasuries climbed and the dollar extended its rally to a six-week high.
The Stoxx Europe 600 Index dipped 0.2 percent as of 9:16 a.m. London time, the first retreat in more than two weeks. Losses for raw-material producers threatened to end the longest run of gains since October 2017 for the Stoxx Europe 600 Index, with banks drifting lower despite positive earnings from Credit Suisse. Futures on the S&P 500 slipped after the underlying index closed at a record on Tuesday. The MSCI Asia Pacific Index retreated as shares dropped in Tokyo. Core European sovereign bonds climbed, while the common currency fell after data showed Germany’s business confidence worsened. Crude oil dipped and gold held recent losses.
Source : Bloomberg