The MSCI world equity index, which tracks shares in 50 countries, was down 0.52%, while the pan-European STOXX 600 index fell 0.32%. Overnight in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.65%.On Wall Street, all three major indexes closed lower, with stocks in consumer discretionary, technology, financials and consumer staples among the biggest losers.
NEW YORK: Global equity markets slipped on Thursday, while U.S. Treasury yields dipped after reaching two-week highs after two hawkish Federal Reserve officials called for the U.S. central bank to start ending its bond-buying program
Ahead of a speech by Fed Chair Jerome Powell, Dallas Fed President Robert Kaplan said he still believes the Fed in September would announce a plan for tapering to start in October or shortly thereafter. Earlier, St. Louis Fed President James Bullard said the Fed is "coalescing" around a plan to begin reducing its $120 billion in monthly bond purchases.
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