A surprise move by the Bank of England to expand its bond buying program by 50 billion pounds, a measure known as quantitative easing, also supported European stocks, driving up financial shares.
The BoE's move, however, along with its decision to hold interest rates at a record low 0.50 percent pushed down sterling against the dollar by more than 1 percent.
The dollar also rose off multi-month lows against the euro after the European Central Bank left its record-low benchmark interest rate unchanged at 1.0 percent. The stronger dollar contributed to losses in U.S. crude oil after it topped $72 a barrel, a one-month high.
The Dow Jones industrial average <.DJI> fell 24.71 points, or 0.27 percent, to 9,256.26. The Standard & Poor's 500 Index <.SPX> lost 5.64 points, 0.56 percent, to 997.08. The Nasdaq Composite Index <.IXIC> dropped 19.89 points, or 1 percent, to 1,973.16.
NYMEX-NEW YORK, Aug 6 (Reuters) - U.S. crude oil futures ended lower in choppy late trading on Thursday, pressured by a
further decline on Wall Street and as the dollar strengthened on risk aversion.
On the New York Mercantile Exchange, September crude
The June 30 and 2009 peak of $73.38 was the highest front-month price since crude hit $75.69 on Oct. 21.
CBOT-SOYBEANS - August
Firmer dollar spurred profit-taking setback. Outlooks for record large U.S. soy crop and warmer weather this week to boost crop growth also weigh. Strong export demand underpins.
CBOT-SOYOIL - August
FCPO-KUALA LUMPUR, Aug 6 (Reuters) - Malaysian palm oil futures edged lower on Thursday as weaker crude oil and equity markets stalled a rally driven by supply fears in the Southeast Asian country.
The benchmark October contract
REGIONAL EQUITIES-BANGKOK, Aug 6 (Reuters) - Stock markets in Indonesia and Thailand rose more than 1 percent on Thursday, pushed up by demand for shares in coal miners, but Singapore inched down in late trade, weighed down by banking shares.
Singapore's index <.FTSTI> ended down 0.2 percent, erasing its early gain of almost 1 percent. Malaysia's index <.KLSE> was up 0.38 percent and Vietnam's <.VNI> edged up 0.03 percent, led by a 5 percent rise in electrical components maker REE
In Kuala Lumpur, banking shares rose, with Malayan Banking