MSCI global stock index has biggest first-half drop on record

(Updates with closing U.S. markets activity)

* S&P 500 closes book on steepest first-half slide since 1970

* Treasury yields slip for third straight day

* Oil falls on uncertainty over future OPEC+ output

By Caroline Valetkevitch

NEW YORK, June 30 (Reuters) - The MSCI global stock index notched its biggest first-half of a year percentage drop on record on Thursday, while the U.S. benchmark S&P 500 had its steepest percentage drop for the first six months since 1970.

Behind the slides have been concerns over the Ukraine-Russia war, soaring inflation, higher interest rates and, more recently, a possible U.S. recession.

Yields on the benchmark Treasury note US10YT=RR are up about 150 basis points year-to-date, the largest first-half increase since the first six months of 1994.

Adding to jitters Thursday, a Commerce Department report showed U.S. consumer spending rose less than expected in May. While the report suggested inflation had probably peaked, price pressures were still strong enough to leave the U.S. Federal Reserve on its aggressive policy-tightening path.

"Inflation is not something that we don't have to worry about anymore. It is expected to be with us for quite some time," said Sam Stovall, chief investment strategist at CFRA in New York.

Central bank chiefs from the Fed, the European Central Bank and the Bank of England met in Portugal this week and voiced their renewed commitment to control inflation no matter what pain it caused.

The Dow Jones Industrial Average .DJI fell 253.88 points, or 0.82%, to 30,775.43, the S&P 500 .SPX lost 33.45 points, or 0.88%, to 3,785.38 and the Nasdaq Composite .IXIC dropped 149.16 points, or 1.33%, to 11,028.74.

Since the start of the year, the S&P 500 has lost 20.6%.

The pan-European STOXX 600 index .STOXX lost 1.5% and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 1.12%.

The MSCI global stock index was down 20.9% for the first half of 2022.

The Fed's hawkishness and an investor desire for liquidity in difficult times have helped support the U.S. dollar.

The U.S. dollar index gained 6.5% for the quarter in its biggest quarterly jump since the last quarter of 2016. The index is up 9.4% for the year to date.

On Thursday, the dollar index =USD fell 0.343%, with the euro EUR= down 0.01% to $1.0481.

Bitcoin BTC=BTSP last fell 5.92% to $18,904.06.

Treasury yields slid for a third straight day on Thursday as investors continued to worry about a possible U.S. recession. The yield on 10-year Treasury notes fell 10.4 basis points to 2.989% as safe-haven buying at the long end pushed prices up and yields lower.

Oil prices fell about 3% on the day. OPEC+ confirmed it would only increase output in August as much as previously announced, but left investors wondering about future output.

Brent crude LCOc2 futures for September delivery fell $3.42, or 3%, to settle at $109.03 per barrel. The August LCOc1 contract, which expires on Thursday, fell $1.45, or 1.3%, to settle at $114.81 a barrel. U.S. crude CLc1 futures fell $4.02, or 3.7%, to settle at $105.76.

Spot gold XAU= dropped 0.5% to $1,807.21 an ounce.

Global FX performance Link
Global asset performance Link
Global markets in 2022 Link

Reporting by Caroline Valetkevitch in New York
Additional reporting by Thomas Wilkes in London and Wayne Cole
in Sydney and Amruta Khandekar
Editing by Gareth Jones, Matthew Lewis and Deepa Babington

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。