Loading ...LONDON (Reuters) – Global stocks, bond yields and commodity prices slumped on Wednesday as investor fears over the state of the global economy intensified after U.S. producer prices fell for the first time in more than a year.
U.S. equity futures (SPc1) were down 1.2 percent – with big blocks of shares being sold – and the pan-European FTSEurofirst 300 index (.FTEU3) fell 1.9 percent after the release of the data, which fueled worries of disinflation in the U.S.
Greece’s benchmark equity index (.ATG) fell as much as 10 percent, though by 1307 GMT (0907 EDT) it had pared its losses to a drop of around 7 percent.
“There’s been a big acceleration of the sell-off in stocks, with a spike in risk aversion spreading across the board to bonds and the currency market, and even a return of stress around Greek assets,” Alexandre Baradez, chief market analyst at IG France.
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