In European Equity Markets the pan-European Stoxx 600 fell throughout the day to trade nearly 1 percent below the flat line. The basic resources sector was the worst performer, ending over 3.7 percent below the flat line. Danish wind turbine maker Vestas was near the top of the Stoxx 600, up by 3.8 percent after reporting a profit beat for the second quarter of the year and announcing a new share buyback program. Advertising agency WPP shares were also on the rise, up by 1.1 percent.

In Currency Markets the US dollar climbed to its highest level in over 13 months against a basket of currencies on Wednesday as investors stepped up their safe-haven holdings of the greenback due to worries about slowing Chinese growth and Europe’s exposure to Turkey. The euro slid to its weakest level in over a year on anxiety about the exposure of the continent’s bank system to Turkey. The euro fell to $1.13010, the lowest in 13 months. It was last down 0.2 percent at $1.13225. Sterling was down 0.4% versus the dollar.

In Commodities Markets oil futures fell more than $2 a barrel on Wednesday after data showed U.S. crude stockpiles jumped last week, compounding worries about a weaker global economic growth outlook. Brent crude futures were down $1.96 a barrel at $70.50 a barrel. The contract earlier touched $70.40 a barrel. U.S. crude futures fell $2.22 to $64.82 a barrel. U.S. crude inventories rose unexpectedly last week, climbing 6.8 million barrels in spite of refinery crude runs hitting a record high, the Energy Information Administration’s data showed.

In US Equity Markets stock indexes fell on Wednesday in a broad-based decline, hurt by concerns over the strong dollar and Turkey’s currency crisis, as well as the trade tensions with U.S. trading partners that have dominated the first half of 2018. Intel slid 1 percent after disclosing three more possible flaws in some of its microprocessors. The S&P 500 was down 0.79 percent, at 2,817.44 and the Nasdaq Composite declined 0.79 percent, at 7,809.10. The trade-sensitive industrial sector fell 1.31 percent.

In Bond Markets U.S. Treasury yields cut their losses on Wednesday after a batch of better-than-expected U.S. economic data reinforced expectations of an interest rate hike by the Federal Reserve next month. Wednesday’s slew of reports was led by U.S. retail sales which rose 0.5 percent, beating expectations. U.S. 10-year yields rose to 2.871 percent after the data, from 2.869 percent just before. Yields though were lower from Tuesday’s 2.895 percent. U.S. 30-year yields climbed to 3.045 percent after the data, from 3.039 percent before the report’s release.