Bloomberg remixed by Halifax America

U.S. equity indexes fluctuated after a rocky start, sending the benchmark gauge for U.S. share volatility into wild swings…Treasuries dropped and the dollar rose. The S&P 500 Index plunged as much as 2.1 percent at the open of trading Tuesday before regaining ground. The Dow declined more than 500 points before it, too, recovered some of its losses.

Stoxx Europe 600 Index slumped the most since June 2016… Japan’s Nikkei entered a correction as most of the shares…declined… European bonds, traded higher…Treasury yields…nudging higher.

What began with rising bond yields became a selloff across global equity markets…Traders are watching how the moves unfold from here…“I think what you have is… a correction, not the start of an economic recession,” said Brent Schutte, chief investment strategist of Northwestern Mutual Life Insurance Co.’s wealth-management unit.

Cboe Volatility Index…breached 50 to touch its highest level since…2015. Elsewhere, oil declined and metals fell. Bitcoin… sinking below $6,000.

 

These are the main moves in markets:

Stocks

  • The S&P 500 Index fell 0.9 percent as of 10:39 a.m. New York time.
  • The Stoxx Europe 600 Index decreased 1.9 percent.
  • The U.K.’s FTSE 100 Index dipped 1.8 percent.
  • The MSCI Emerging Market Index sank 3.1 percent to the lowest in five weeks.

Currencies

  • The Bloomberg Dollar Spot Index increased 0.3 percent to the highest in almost two weeks.
  • The euro decreased 0.4 percent to $1.2323, the weakest in almost two weeks.
  • The British pound dipped 0.6 percent to $1.3871.
  • The Japanese yen declined 0.2 percent to 109.26 per dollar.

Bonds

  • The yield on 10-year Treasuries climbed six basis points to 2.76 percent.
  • Germany’s 10-year yield declined four basis points to 0.70 percent.
  • Britain’s 10-year yield fell four basis points to 1.514 percent, the biggest fall in almost five weeks.

Commodities

  • West Texas Intermediate crude dipped 0.5 percent to $63.79 a barrel.
  • Gold fell 0.8 percent to $1,328.51 an ounce.
  • Copper fell 1.3 percent to $7,076.50 per metric ton.

 


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