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World stocks reboot after another tech sell-off

16th June 2017

World shares steadied on Friday after selling in the tech sector triggered their biggest fall in over a month, while the yen slid to a two-week low as the Bank of Japan signaled its stimulus was staying in place.

It was set to be the second week of falls for MSCI's widely tracked world index .MIWD00000PUS, although Wall Street and Europe .FTEU3, which has been the star performer in the first half of the year, were trying to end it on an upnote.

London .FTSE, Frankfurt .GDAXI and Paris .FCHI climbed between 0.3 and 0.5 percent, futures pointed to a stable restart for Apple (AAPL.O) and the like and euro EUR=EBS the pound GBP=D3 and the Swiss franc CHF= rose against the dollar in the currency market. [/FRX]

Greece's 10-year government borrowing costs fell to their lowest since 2014 in bond markets as well, as euro zone finance ministers and the International Monetary Fund approved a long-delayed 8.5 billion euro lifeline for Athens, albeit keeping them hanging on for debt relief.

 

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