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Stocks Slide With Commodities; Treasuries Retreat: Markets Wrap [Bloomberg Business News]
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Stocks declined globally on Monday as investors girded for a week packed with risk events, from central bank decisions to Brexit talks to a G-20 gathering. Commodities were weaker across the board, the dollar edged higher and Treasury yields rose. The Stoxx Europe 600 Index headed for the first decline in three days as technology companies slumped with miners. The MSCI Asia Pacific Index of stocks also fell, with tech shares under pressure as Apple appeared poised to disrupt its supply chain . The yen strengthened amid a drop in support for Japanese Prime Minister Shinzo Abe’s cabinet, which has championed currency weakness. Most European government bonds followed Treasuries lower. Gold dropped. The biggest focus for global markets this week will be the first U.S. interest rate decision under the Federal Reserve’s new Chairman Jerome Powell. It comes just weeks after he hinted to investors that he’s open to lifting the policy rate four times this year
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