LONDON—World stocks fell for a third straight day on Thursday, after Federal Reserve meeting minutes bolstered bets on another U.S. rate hike this month and tit-for-tat trade salvos between China and the United States also dampened sentiment.
Traders watched the traditional driver of global borrowing costs, the 10-year U.S. Treasury yield, climb to a fresh four-month high and there were plenty more boundaries tested as Europe got into its stride.
A broad-based stocks fall included a 2.3 percent drop and two-month low for the region’s travel and leisure stocks—a clear side-effect of recession angst—while Wall Street bank Citi’s latest investor poll showed China was the new consensus sell….