European stocks mark lowest close since start of the year; UK 30-year yield at highest since 1998
Publishing timestamp: 2023-10-20 12:39:57
Summary
The article discusses the decline in European equity markets, comments from U.S. monetary policymakers, and global sentiment stutters. It mentions the decline in mining and tech stocks, the acknowledgment of cooling inflation by Federal Reserve Chairman Jerome Powell, and the increase in gilt yields in the UK. It also mentions the rise in gold prices, the positive performance of the VanEck Gold Miners ETF and certain gold mining companies, and the potential bond buying opportunities due to surging Treasury yields.
Sentiment: MIXED
Tickers: ABX-CA, .STOXX, GDX, US2Y, .IXIC, .SPX, .DJI, BTC.CM=,
Keywords: business news, stock markets, markets, stoxx 600, breaking news: markets,