Stocks Slip as Caution Lingers After Risk Pullback: Markets Wrap

(Bloomberg) — Stocks tilted lower in fragile trading after a selloff in cryptocurrencies led a broad retreat from risky assets in the previous session.

S&P 500 futures fell 0.1% as a wary tone prevailed at the start of what is typically a strong month for equities. Europe’s Stoxx 600 was little changed. A gauge of Asian equities rose about 0.5% before paring the advance.

Bitcoin posted a small gain amid a choppy session after slumping more than 5% on Monday. Solid demand at Japan’s final 10-year bond auction of the year helped steady global debt markets after speculation of a Bank of Japan interest-rate hike unsettled trading a day earlier.

The caution follows a shaky start to December in global markets, after the selloff in cryptocurrencies and hawkish BOJ signals spurred risk aversion. Attention now shifts to the Federal Reserve, with policymakers meeting next week and their Japanese counterparts the week after.

“For long-only investors like we are, I’d say in the absence of any major catalyst, it’s very much wait-and-see until the Fed meeting,” said Karen Georges, a fund manager at Ecofi Investissements in Paris.

Some of the main moves in markets:

Stocks

The Stoxx Europe 600 was little changed as of 8:34 a.m. London time S&P 500 futures were little changed Nasdaq 100 futures were little changed Futures on the Dow Jones Industrial Average fell 0.1% The MSCI Asia Pacific Index rose 0.2% The MSCI Emerging Markets Index rose 0.3% Currencies

The Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1615 The Japanese yen fell 0.3% to 155.93 per dollar The offshore yuan was little changed at 7.0669 per dollar The British pound was little changed at $1.3218 Cryptocurrencies

Bitcoin rose 0.1% to $86,556.39 Ether fell 0.1% to $2,789.56 Bonds

The yield on 10-year Treasuries advanced one basis point to 4.10% Germany’s 10-year yield was little changed at 2.76% Britain’s 10-year yield was little changed at 4.48% Commodities

Brent crude rose 0.2% to $63.27 a barrel Spot gold fell 0.4% to $4,214.46 an ounce This story was produced with the assistance of Bloomberg Automation.

©2025 Bloomberg L.P.