Stocks Edge Lower On China Data; Gold Above $2,000: Markets Wrap

<p>Stocks fell and gold climbed to a six-month high as data showed a sharp slowdown in China’s industrial profits, which reinforced investor concerns about its sluggish economy. The Stoxx 600 index fell 0.3% and Nasdaq futures retreated 0.2%. Treasury 10-year yields climbed as much as five basis points to 4.51%, the highest in more than a week. Gold climbed to the highest since May, while the dollar was little changed. A slowdown in China’s industrial profit growth added to concern about deflation in the world’s second-largest economy. Fresh economic data this week will help traders gauge whether the gains for […]</p>
<p>The post <a href="https://vladimirribakov.com/stocks-edge-lower-on-china-data-gold-above-2000-markets-wrap/">Stocks Edge Lower On China Data; Gold Above $2,000: Markets Wrap</a> appeared first on <a href="https://vladimirribakov.com">Vladimir Ribakov</a>.</p>