Stocsk in Europe retreated from a near-record on Wednesday and bonds gained amid mixed earnings reports, a decline in commodity prices and renewed concerns about the region’s economy.
Mining stocks led a retreat in the Stoxx Europe 600 index as prices of raw materials including aluminum and iron ore fell along with crude oil. Germany’s DAX underperformed after Europe’s biggest economy cut its 2021 growth forecast, citing the lingering effects of the pandemic and a supply squeeze. Bund yields dropped along with those on other European bonds.
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October 27, 2021 at 05:06AM
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Stock Market Today: Dow, S&P Live Updates for Oct. 27, 2021 - Bloomberg
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