Stocks Slip as Earnings Roll In, Metals Retreat

(Bloomberg) Stocks began the week on the back foot as investors weighed earnings results against lofty expectations and prepared for key policy meetings from some of the world’s biggest central banks. Metals fell on continued concern over trade and China’s economy. Miners and food and beverage makers were among the biggest decliners in the Stoxx Europe 600 Index, while equity markets in Tokyo and Sydney fell and futures on the S&P 500, Dow and Nasdaq all pointed to a softer open. Brewer Heineken retreated after reporting lower-than-forecast earnings and saying its profitability will drop. Copper slid, with the LMEX Index of six industrial metals heading for its worst month in two years. The yen steadied and Japan’s benchmark 10-year bond yield erased an advance as the Bank of Japan offered to buy an unlimited amount of bonds for the third time in a week. The dollar was flat as U.S. Treasury yields rose.

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