Saturday, 11 October 2014

Stocks fall again

Stocks fell again on Friday. The MSCI All-Country World Index fell 1.6 percent while the S&P 500 fell 1.1 percent.

The yield on the US 10-year Treasury fell 2 basis points to 2.29 percent but West Texas Intermediate oil closed little changed after earlier dropping as much as 2.5 percent.

A report on Friday showed that Japan's consumer confidence index fell to 39.9 in September from 41.2 in August.

Data from the UK on Friday were also negative. Construction output fell 3.9 percent in August. The trade deficit narrowed in August but with both exports and imports falling by 2.3 percent and 6.2 percent respectively.

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