Tuesday, 18 October 2016

Markets fall as Fed mulls hot economy

Markets mostly fell on Monday.

The S&P 500 fell 0.3 percent and the STOXX Europe 600 fell 0.7 percent.

In Asia, the Shanghai Composite Index fell 0.7 percent but the Nikkei 225 rose 0.3 percent.

The yield on the US 10-year Treasury note initially rose to 1.814 percent, its highest since early June, before retreating to 1.766 percent.

The Federal Reserve continued to influence markets on Monday, with Vice Chairman Stanley Fischer warning of risk in running a high-pressure economy, something suggested by Chair Janet Yellen last week as plausible.

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