After closing at record highs on Tuesday, the S&P 500 slipped yesterday, and the Dow Jones Stoxx 600 snapped an eight-session advance. Asia followed suit, with the Shanghai Composite posting its biggest loss (~2.4%) in over a month. It is off about 4.6% this week, which if sustained tomorrow, would be the largest loss in six months. European stocks are heavy today, led by information, materials, and consumer staples. European bank earnings have been mixed, and shares are broadly lower. US stocks are little changed. Deutsche and Commerz announced their merger talks have ended. Bond yields are firmer, though the ... (full story)