*Visa Inc. shares fell 6.9%* after the credit-card company topped earnings expectations but disappointed some over its revenue outlook.
The yield on the 10-year Treasury note _ plunged 8 basis points to 1.528%. Yields and debt prices move in opposite directions.
The ICE U.S. Dollar Index _, a measure of the currency against a basket of six major rivals, was off 0.1%.
The Shanghai Composite fell 1%, while the Hang Seng Index dropped 1.6% in Hong Kong, while Japan’s Nikkei 225 saw a marginal decline.
*Volume on U.S. exchanges was 11.74 billion shares, compared with the 10.43 billion average for the full session over the last 20 trading days.*
*European stocks closed lower Wednesday as investors digested corporate earnings, fresh economic data and a budget update from the U.K. finance minister.*
*The big economic news in Europe on Wednesday came out of the U.K., as Finance Minister Rishi Sunak delivered his budget statement in the afternoon.*
The half-yearly update on the country’s public finances included multi-billion pound spending on health care and transport, as well as a rise in the national living wage.
*Here are s0ome events to watch this week:*
Earnings: Amazon, Apple, Samsung Electronics, China Vanke, PetroChina, Ping An Insurance Group Australia CPI, Wednesday
U.S. wholesale inventories, U.S. durable goods, Wednesday
Bank of Japan monetary policy decision, briefing, Thursday
ECB rates decision, President Christine Lagarde briefing, Thursday
U.S. GDP, initial jobless claims, Thursday
G-20 joint finance and health ministers meeting ahead of the weekend leaders’ summit, Friday
*Currencies*
The Bloomberg Dollar Spot Index was little changed
The euro was little changed at $1.1600
The British pound fell 0.2% to $1.3739
The Japanese yen rose 0.3% to 113.85 per dollar
*Bonds*
The yield on 10-year Treasuries declined seven basis points to 1.53%
Germany’s 10-year yield declined six basis points to -0.18%
Britain’s 10-year yield declined 12 basis points to 0.99%
*Commodities*
West Texas Intermediate crude fell 3% to $82.10 a barrel
Gold futures rose 0.3% to $1,799.20 an ounce
By: via @AlliesFin Serve Stock Market
