RISK-OFF SENTIMENT NOTCHED LOWER
among investors in European corporate debt. Relative to yesterday's levels of risk aversion, trades in corporate bonds reflected a
very slight favor for junk bonds in price gains linked to actual trades. Nonetheless
geopolitical overhang amid N. Korean nuclear warhead posturing
kept a lid on gains in risk assets. So too did
pressure on the European insurance sector ahead of projected damage by intense hurricane
Irma, headed for Puerto Rico and Florida. The
Stoxx 600 index vacillated in the shallow red amid data showing a dip in Germany's manufactured-goods orders, although shares of
Deutsche Bank AG
and
Micro Focus International PLC
posted notable gains.
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