Stock Futures Drop After Fed Flags Risks; Gold Up: Markets Wrap

(Bloomberg) — U.S. and European equity futures declined along with Asian stocks Thursday after Federal Reserve minutes signaled tempered optimism about second-half growth and as Sino-American tensions simmered. The dollar extended its rebound.Shares in South Korea and Taiwan saw the bulk of losses, with China, Hong Kong and Japan also lower. A drop in S&P 500 futures signaled Wednesday’s weakness may continue after the Fed noted the health crisis would “weigh heavily” on economic activity and repeated its view that the recovery path depends on virus containment. The greenback built on gains that came after a five-day selloff. Gold pared …read more

Source:: Yahoo Finance

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