Shares fall on fears over China, U.S. taxes, central bank policy
World shares fell on Friday, pressured by concerns over China's markets, the potential for a U.S. corporate tax hike and an update on the U.S. Federal Reserve's tapering strategy next week.
The yield on benchmark 10-year Treasury notes was 1.3684%.The yield on Germany's 10-year government bond , the benchmark for the euro zone, was at -0.280% after rising as much as 3.5 basis points to a two-month high of -0.277%, after a Financial Times report suggested the European Central Bank expects to hit its 2% inflation target by 2025.
Stronger-than-expected U.S. retail sales data on Thursday boosted the dollar, which held steady near the previous day's three-week high against an index of currencies .The dollar index, a gauge of the greenback's value against six major currencies, rose to 93.206 , its highest since late August.
The euro down 0.31% to $1.1727.Spot gold dropped 0.1% to $1,751.90 an ounce. U.S. gold futures fell 0.26% to $1,749.40 an ounce.U.S. crude recently fell 64 cents to $71.97 per barrel, and Brent settled at $75.34 a barrel, down 33 cents on the day.Reporting by Elizabeth Dilts Marshall; Editing by Andrew Heavens and Nick Zieminski headtopics.com
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