• Global Stocks

Market news

13 October 2016

Global Stocks

Stocks in Europe ended lower Wednesday, with technology shares hard hit after Ericsson AB tumbled in the wake of a profit warning, while energy stocks followed a selloff in oil prices.

U.S. stocks finished mostly higher Wednesday after minutes from the Federal Reserve's September policy meeting showed support for a rate rise relatively soon but implied a go-slow approach.

Asian stocks stumbled to three-week lows and U.S. stock futures and Treasury yields fell after China's September trade data showed a sharp decline in exports, raising fresh concerns about the health of the world's second biggest economy. Risky assets have had a torrid start to the final quarter of 2016 after recent outperformance as concerns around the outcome of U.S. elections, fallout from a "hard Brexit" and a struggling German banking sector spread turmoil in markets.

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