Pursuits
European Stocks Fall as Metals Slide; Yen Drops on G-20 Meeting
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European stocks fell for a third day and German bunds rose amid speculation Italy’s election will fail to produce a clear winner. The yen weakened after the Group of 20 nations stepped back from censuring Japan over its currency policy. Metals declined.
The Stoxx Europe 600 Index lost 0.2 percent at the close. Standard & Poor’s 500 Index futures added 0.1 percent, with U.S. markets closed today for Presidents’ Day. Copper, nickel and aluminum dropped at least 1.1 percent. The yen slid 0.5 percent versus the dollar, while Japanese shares surged 2.1 percent. Platinum jumped after a shooting at a mine in South Africa. Brazil’s benchmark stock index fell to an 11-week low.