Home Markets World shares fall as markets await Fed meeting, taper timeline

World shares fall as markets await Fed meeting, taper timeline

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  • Updates with fresh commentary, U.S. market close
  • S&p 500 ends below its 50-day moving average
  • European shares fall for third week in a row, miners worst hit
  • Dollar hits three-week high, boosted by data, Fed taper view
  • Oil falls as storm-hit U.S. supply trickles back into market

NEW YORK, Sept 17 (Reuters) – World shares fell on Friday after a week of mixed economic data and fears over the stability of growth and Asian markets put the focus on the U.S. Federal Reserve’s timeline for tapering asset purchases.

U.S. stocks ended sharply lower in a broad sell-off on Friday.All three major U.S. stock indexes lost ground, with the Nasdaq Composite Index (.IXIC) weighed down as rising U.S. Treasury yields pressured market-leading growth stocks.

The 10-year U.S. Treasury note yield briefly touched 1.3855%, its highest level since July 14, while the dollar hit a three-week high.

MSCI’s gauge of stocks across the globe (.MIWD00000PUS) shed 0.71%, while the pan-European…

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