Reuters: US Dollar Report: GLOBAL MARKETS-Stocks slip after hitting multi-year highs

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GLOBAL MARKETS-Stocks slip after hitting multi-year highs May 9th 2013, 07:19 Tweet Share this Email Print Related Topics Stocks » Currencies » Markets » Cyclical Consumer Goods » Financials » Industrials » Thu May 9, 2013 3:19am EDT * Upbeat global economic data supports world shares, oil * Euro, bonds steady as Spanish bond auction eyed. * UK central bank seen leaving policy unchanged By Richard Hubbard LONDON, May 9 (Reuters) - Ongoing support from easy central bank monetary policies underpinned global stocks on Thursday although profit-taking pushed European and Japanese shares off multi-year highs. In early European trading the blue chip Euro STOXX 50 , Britain's FTSE 100, Germany's DAX and France's CAC-40 FCHI> were 0.1 to 0.8 percent lower. MSCI's world index, which tracks stocks in 45 countries, was flat following a slight gain in Asian stocks. The euro was little changed at $1.3150, failing to build on the one-week high of $1.322 hit on Wednesday. Brent crude traded around $104 a barrel and safe have German bond futures were steady. "We've seen a bit of stabilisation and positive surprises in the data recently, but we need to careful about reading to much into it," said Morgan Stanley currency strategist Ian Stannard. Robust Germany industrial output and China's stronger than expected trade performance have boosted investor sentiment this week with the mood enhanced by strong jobs growth in Australian and New Zealand reported earlier on Thursday. Activity in European markets was expected to be thin as many centres are closed for a holiday with interest centred on a Spanish bond sale and a policy meeting of the Bank of England, where rates are likely to be left unchanged. Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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