Stocks retreat on earnings; commodities drop as well

Source: Bloomberg
© Scanpix/Reuters
Stock prices dropped in Asia and Europe as investors weighted worse-than-expected earnings data from Orange SA, Michelin & Cie and BASF SE. The MSCI world's equity index slid 0.6% to 373.56, while the Standard & Poor's 500 futures decreased 0.6% as well. The Stoxx Europe 600 Index slipped 1%. Crude oil prices and copper lost 0.9% and 1.5% respectively.

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