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Stocks Retreat on Earnings; Dollar Steadies: Markets Wrap
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Asian Stocks Retreat on Earnings; Dollar Steadies: Markets Wrap
U.S. futures slid. Mostly positive results so far this earnings season have gone some way toward mitigating anxiety over the global economy, though renewed concerns in a number of emerging markets from Turkey to Argentina is damping risk appetite. U.S. first-quarter gross domestic product data due Friday will be closely watched.
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Stocks Edge Down as Results Flood In; Bonds Steady: Markets Wrap
European stocks and U.S. equity futures nudged lower alongside Asian shares on Friday as earnings season continued apace. Raw material producers fell, outweighing gains in healthcare companies to drag the Stoxx Europe 600 into the red.
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Stocks Retreat on Earnings; Dollar Steadies: Markets Wrap
European and U.S. futures were little changed. An unexpected tumble in Japanese industrial production, following yesterday’s contraction in South Korea’s GDP, underscored that economies outside the U.S. and China aren’t doing as well. China’s yuan edged up after President Xi Jinping said his country won’t engage in currency depreciation that harms other nations.
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