From Yahoo Finance: 2024-06-13 06:15:41

World stocks dipped from record highs due to renewed political concerns in Europe, despite easing U.S. inflation. Fed signals hinted at no rate cuts, causing bond yields and the dollar to rise. Europe’s STOXX 600 fell 0.4% as car makers slumped 1.5% on looming Chinese tariffs. French-German bond spreads widened amid EU election results. Asian shares rose, while Japan hinted at a policy tightening. Wall Street futures indicated gains. Fed Chair Powell highlighted a “close call” on rate cuts. Global borrowing costs remained steady. Yen weakened against the dollar. Gold and oil prices fluctuated.



Read more at Yahoo Finance: Bulls on comedown after record highs, car makers skid on tariffs war