World stocks sag after Wall Street suffers yearend wobble
Yen rises after Japan lifts growth forecasts
Oil hovers around 80 amid Red Sea tensions
Turkey jacks up rates again
Graphic World FX rates

LONDON, Dec 21 Reuters Share markets had an end of year wobble on Thursday, while bonds completed a remarkable round trip for the year on the consensus view that large parts of the world will be chopping interest rates in 2024.

Wall Street had suffered its biggest drop since September on Wednesday. There was no obvious catalyst but with holidays fast approaching and a small rise in weekly jobless claims kicking off a flurry of U.S. data neither Asia or Europe offered much resistance.

Europe39;s STOXX 600 index fell 0.4 in a broad market selloff where the region39;s car sector skidded over 1 and both tech and travel slipped 0.6.

Commerzbank brought some cheer as it shares jumped nearly 3 at one point after the European Central Bank approved its 600 million euros 657 million stock buyback plan.

U.S. futures were also pointing higher again after Wednesday39;s 1.31.5 Wall Street whackings and bond markets were still rallying too.

Italy39;s 10year bond yields which reflect Rome39;s borrowing costs fell to their lowest since August 2022 while benchmark 10year Treasuries were down at 3.86, which was almost exactly where they started the year.

It completes a remarkable round trip after they touched 5 back in October when investors where expecting higherforlonger U.S….