World equity markets were mostly red today, and not just because of summer sunburns or angst over N. Korea. In Asia, Korean stocks were basically unchanged and sitting at pre-ICBM launch levels. Other markets were mostly lower, with the Asia Dow losing 0.16%. European shares, as the G-20 meetings and major protests get under way (estimate: 100,000 leftist protesters), were lower, the STOXX 600 shedding 0.67%. All four of the largest American exchanges, excepting the US, were lower as well; Brazil dropped the most – down 1.18%.
Bonds had a tough day as well. The 10-year German bond closed with its highest yield of the year, 0.566%, down almost a full point. The US 10-year yields 2.364% and the 30-year bond lost a full point to yield 2.898%.
The US dollar index lost ground as the euro and pound edged higher; it closed at 95.81, down 0.44%. Crude oil gained a bit, ... Log in or subscribe to continue reading.