World Headlines 2017-12-01

RQ Cross Box: 2017-12-01

WORLD HEADLINES - European stocks dropped at the start of the last month of 2017 as a selloff in technology shares resumed. The dollar edged lower and Treasuries gained after tax reform efforts in the U.S. stumbled. STOCKS - The Stoxx Europe 600 Index fell to a two-week low, with all but one of the 19 industry sectors turning red. Tech stocks dropped a third day, bringing their decline this week to almost 5 percent, and car makers sagged. BONDS - Treasury yields dropped back below 2.4 percent after climbing eight basis points in the previous two days. COMMODITIES - Copper advanced 0.5 percent to $3.08 a pound, the first advance in a week. CURRENCIES - The greenback is struggling after the U.S. Senate suspended voting on the tax bill until Friday as it emerged a key compromise to win a majority had collapsed, leaving Republicans scrambling to salvage the legislation. ECONOMIC DATA - CAD Employment Change and GDP due at 8:30, FOMC Member Kaplan Speaks at 9:30, ISM Manufacturing PMI at 10:00, FOMC Member Harker Speaks at 10:15 ET.

World Headlines 2017-12-01

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