Aug. 10 (Bloomberg) -- Stocks fell for the first time in six days and commodities declined as worse-than-expected Chinese trade and French industrial output data added to evidence the global economy is slowing. U.S. Treasuries gained, halting a five day slide.
The MSCI All-Country World Index dropped 0.2 percent at 11 a.m. in New York and the Standard & Poor’s 500 Index slipped 0.1 percent, retreating from a three-month high. The yield on the 10-year Treasury fell four basis points to 1.65 percent. The euro erased earlier losses against the dollar. Natural gas slid 5.2 percent to lead commodities lower, with corn slipping from a record and wheat losing 2.3 percent.
The Stoxx Europe 600 Index slipped 0.3 percent, trimming this week’s advance to 1.5 percent. The gauge has climbed for 10 straight weeks, the longest winning streak since January 2006. Hannover Re, the world’s fourth-biggest reinsurer, dropped 2.4 percent as second-quarter profit declined 13 percent because of unrealized losses on investments.