Reuters: US Dollar Report: GLOBAL MARKETS-Shares tumble, Bunds firms as volatility reigns

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GLOBAL MARKETS-Shares tumble, Bunds firms as volatility reigns Jun 3rd 2013, 07:30 Tweet Share this Email Print Related Topics Stocks » Currencies » Markets » Cyclical Consumer Goods » Financials » Industrials » Mon Jun 3, 2013 3:30am EDT * European shares drop, Nikkei hits six-week low * China PMI data underscore fragile state of economy * Eyes on US national ISM due later in session * Dollar softer against currency basket, euro edges up By Marc Jones LONDON, June 3 (Reuters) - Investors took profits on Monday from recent share rallies in the face of uncertainty over how much longer the current U.S. stimulus would continue, while data underscoring the fragility of China's economy weighed on oil. European stocks followed a fresh dive on Asian markets to open 0.8 percent lower, as the week, which includes key U.S. jobs data and the monthly meetings of the European Central Bank and Bank of England, got underway. "The overall theme for the coming weeks is going to be a very volatile trading environment and you are going to have the U.S. and Japan being a significant driver to what is happening in Europe," said Rabobank strategist Lyn Graham-Taylor. A mixed reading in Chinese data kept intact worries about its growth momentum and weighed on oil as it slipped to $100 a barrel for the first time in a month, though the figures were not bad enough to trigger active selling in other growth-sensitive commodity or currency markets. In the debt market, safe-haven German bond futures saw as steady start to the week while there was more selling of euro zone periphery debt amid signs it 10-month rally may be drawing to a close. The dollar index, measured against a basket of six key currencies, was down 0.3 percent as it hovered near the three-week low it hit at the end of last week. The weakness saw the euro start the week up 0.2 percent at $1.3020. 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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