Currencies

• EUR/USD The dollar fell against the euro, snapping a six-day advance, as gains in Asian stocks damped demand for the refuge of the world's primary reserve currency.
  • The dollar fell to $1.4058 per euro as of 6:16 a.m. in London from $1.3998 in New York yesterday when it advanced to $1.3972, the strongest since July 13.
  
  

• USD/JPY The yen appreciated versus the dollar as the Bank of Japan refrained from adding stimulus, curbing speculation it would follow moves by the Swiss National Bank to stem currency gains.
  • It slid to 77.18 yen from 77.66 yesterday, when it reached 77.73, a level unseen since Aug.
  
  

• AUD/USD The Australian dollar rose after a government report showed the nation's economy expanded more than economists had forecast.

Commodities

• Gold declined for a second day as a rebound in equities trimmed demand by investors seeking to protect their wealth against declining currencies and economic turmoil.
  • Gold for immediate delivery fell as much as 2.6 percent to $1,827.57 an ounce, and last traded at $1,840.28 at 1:53 p.m. in Singapore.

• Oil advanced from the lowest in more than a week in New York on speculation a storm building in the Gulf of Mexico poses a threat to supply in the U.S. amid shrinking crude stockpiles in the world's biggest consumer.
  • West Texas Intermediate climbed as much as 0.7 percent before an Energy Department report tomorrow that may show inventories declined last week.

Equities

• US Stocks stocks fell, giving the Standard & Poor's 500 Index its longest slump in almost a month, amid concern that Europe's debt crisis is worsening. Equities pared losses in the final 30 minutes of trading.
  • The S&P 500 lost 0.7 percent to 1,165.24 at 4 p.m. in New York. The benchmark gauge has fallen 4.4 percent in three days, the longest drop since Aug. 8.
  • The Dow Jones Industrial Average slumped 100.96 points, or 0.9 percent, to 11,139.30 today.
• European stocks declined for a third day, reaching the lowest in more than two years, as deepening concern that the region's debt crisis will derail the recovery overshadowed better-than-estimated growth in U.S. services.
  • The Stoxx Europe 600 Index slid 0.7 percent to 221.98 at the 4:30 p.m. close in London after earlier climbing as much as 1 percent.
  • Germany's DAX Index slid 1 percent and France's CAC 40 lost 1.1 percent, while the U.K.'s FTSE 100 climbed 1.1 percent.

• Asian stocks gained, with the benchmark regional index rebounding from a three-day drop that left valuations near a three-year low, after a weaker yen boosted the outlook for Japanese exporters.
  • The MSCI Asia Pacific Index climbed 1.9 percent to 121.28 at 1:16 p.m. in Tokyo, with about five stocks gaining for each that fell.
  • Japan's Nikkei 225 (NKY) Stock Average rose 1.8 percent. South Korea's Kospi Index rallied 2.9 percent.
  • Hong Kong's Hang Seng index rose 1.2 percent, while China's Shanghai Composite index climbed 1.3 percent.

Sources: Bloomberg, FT