• Global Stocks

Market news

18 April 2017

Global Stocks

European stocks slid Thursday, with banks leading the charge south after President Donald Trump's comments about the dollar and interest rates.

U.S. stocks bounced back on Monday to close near session highs, halting three straight sessions of declines for major benchmarks, as banks enjoyed their best daily rally in six weeks.

A stronger dollar and overnight gains in U.S. stocks helped many Asia-Pacific equities as trading returned in full following the Easter Monday holiday. Chinese steel mills are hunting for higher-grade product to minimize their coking-coal needs after prices of metallurgical coal surged because Cyclone Debbie curbed shipments from Australia. Fortescue responded by offering deeper discounts on its iron ore.

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