European stocks were lower Friday as bond yields continued to rise and investors kept an eye on troubled real estate giant China Evergrande headed into the weekend. Stocks had enjoyed two strong days of gains following the Federal Reserve's policy meeting on Wednesday, as markets seemed to welcome a delay to the start of tapering and ignored the hawkish undertones of the central bank's outlook. But a delayed taper tantrum appeared to show up for bonds on Thursday, as yields shot...
New Home Sales for August; Kansas City Southern special meeting of shareholders to vote on acquisition by Canadian National Railway. Stock futures wavered and bond yields ticked up to multi-month highs, as uncertainty lingered about the future of heavily indebted property giant China Evergrande Group. "There has been a growing feeling that there is a pullback waiting," said Seema Shah, chief strategist at Principal Global Investors.
Stock Futures Weaken After Evergrande Payment Deadline Passes. U.S. stock futures wavered and bond yields reached multi-month highs as uncertainty lingered about the future of indebted property giant China Evergrande. Evergrande Bondholders Await Update on Key Interest Payment.
European stocks rose as concerns over giant property developer China Evergrande Group eased and ahead of the U.S. Federal Reserve interest-rate decision later. China's Shanghai Composite reopened after a holiday to muted gains, closing up 0.4%.
Existing Home Sales for August; EIA Weekly Petroleum Status Report; U.S. Federal Reserve economic projections, U.S. interest rate decision. Stock futures rose as concerns over giant property developer China Evergrande Group eased and investors awaited a policy update from the Federal Reserve.
Eurozone Flash Consumer Confidence Indicator; Germany Ifo Economic Forecast; Italy Industrial Turnover/Orders; U.S., Japan Monetary Policy Decisions; updates from Legrand, Babcock, Sainsbury's, Halma, Sasol. Continued caution over China Evergrande and worries ahead of the Fed policy update will likely cap gains for European shares on Wednesday. In Asia, stock markets were mostly lower, the dollar, Treasury yields and gold were little changed, while oil extended its advance.
European shares recovered some equilibrium Tuesday, following the previous session's heavy losses. Investors fretted in the last trading session over the implications of the potential failure of China Evergrande-the world's most indebted property developer. Fears over what could come out of the looming collapse of Evergrande continue to make markets uneasy, but investors will have to wait until Wednesday, when Chinese exchanges come back online, to see the next major...
Housing Starts for August; FedEx 1 Q earnings. Stock futures rose Tuesday, suggesting markets were poised to rebound a day after concerns about China's property sector helped fuel a global selloff in stocks and commodities. In Asia, Hong Kong's flagship Hang Seng Index fell as much as 1.3% but quickly recouped most of those losses and rose 0.5% by the close of trading.
Federal Open Market Committee meeting; OECD Interim Economic Outlook Report; updates from Kingfisher, Compass Group. European stocks could rise at the open Monday's market rout. U.S. stock futures point to higher open.
Stocks Finish Lackluster Week With a Down Day. U.S. stocks fell and bond yields rose as new data on consumer sentiment was slightly below expectations, raising fresh questions about the pace of economic growth and the inflation outlook. Chinese Property Sector Selloff Continues on Evergrande Worries.
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