{"id":782,"date":"2014-05-19T12:38:23","date_gmt":"2014-05-19T12:38:23","guid":{"rendered":"http:\/\/www.globalbuzz.net\/europe\/?p=782"},"modified":"2014-05-19T15:42:49","modified_gmt":"2014-05-19T15:42:49","slug":"dollar-slips-europe-pressure","status":"publish","type":"post","link":"https:\/\/www.globalbuzz.net\/europe\/news\/dollar-slips-europe-pressure","title":{"rendered":"Dollar slips under Europe pressure"},"content":{"rendered":"

Europe and Asia dragged world equity markets lower on Monday as concerns about slower growth in China prompted investors to cut their risks.<\/p>\n

The dollar slipped against major currencies as expectations that the Federal Reserve is in no rush to tighten policy kept the benchmark 10-year bond yield near last month’s six-month low.<\/p>\n

Shanghai shares hit a three-week low as Beijing announced regulations that tighten its grip on interbank lending and aim to defuse risks among “shadow” non-bank financial firms that act like banks. Fresh data also added to evidence of a cooling property market [ID:nL3N0O401K].<\/p>\n

“Markets think any weakness (in the Chinese economy) from here will be met with a policy response from the authorities,” said Manik Narain, strategist at UBS. “But there is room for China to disappoint.”<\/p>\n

The benchmark MSCI world equity index .MIWD00000PUS fell 0.1 percent while European shares .FTEU3 lost 0.6 percent.<\/p>\n

Stocks outperformed<\/h2>\n

Emerging stocks .MSCIEF outperformed their developed counterpart by rising 0.3 percent, approaching last week’s 6-1\/2 month high. Wall Street was heading for a weaker open with S&P futures down 0.3 percent.<\/p>\n

The dollar fell 0.1 percent .DXY against a basket of major currencies while the euro ticked higher. The dollar fell to a 3-1\/2 month low of 101.07 yen.<\/p>\n

NO STRAIGHT LINE<\/p>\n

European equity markets were dragged lower by British pharma group AstraZeneca (AZN.L), whose shares fell more than 13 percent after it rejected a sweetened “final” offer from Pfizer (PFE.N).<\/p>\n","protected":false},"excerpt":{"rendered":"

Europe and Asia dragged world equity markets lower on Monday as concerns about slower growth in China prompted investors to cut their risks.<\/p>\n","protected":false},"author":1,"featured_media":784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4,37,1],"tags":[1238,1237,1236,304],"class_list":["post-782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-news","tag-china","tag-dollar","tag-equity-markets","tag-europe"],"_links":{"self":[{"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/posts\/782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/comments?post=782"}],"version-history":[{"count":4,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/posts\/782\/revisions"}],"predecessor-version":[{"id":787,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/posts\/782\/revisions\/787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/media\/784"}],"wp:attachment":[{"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/media?parent=782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/categories?post=782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalbuzz.net\/europe\/wp-json\/wp\/v2\/tags?post=782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}