Gold prices continued to decline after a sharp drop, while major stock indexes also eased. Netflix shares fell over 9% as investors brace for Tesla’s earnings. Dow Jones fell 0.25%, S&P 500 0.33%, and Nasdaq Composite 0.70%. MSCI’s global stock gauge dropped 0.26%. Russia prepares for potential Putin-Trump summit.
London stocks rose for a third day on Bank of England rate cut bets. U.S. Treasury yields edged up after two days of decline. Investors expect a 25-basis-point rate cut at the upcoming U.S. Federal Reserve meeting. Lack of U.S. economic data due to shutdown leaves policymakers flying blind.
Yen unchanged against dollar as new PM plans economic stimulus package. Bank of Japan expected to keep rates steady. Dollar index down slightly at 98.96, euro up at $1.16. Oil prices rose, with U.S. crude at $58.64 and Brent at $62.64 per barrel.
Read more at Yahoo Finance: Gold extends Tuesday’s tumble; stocks mostly lower as Netflix falls
