Global stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes that interest rate hikes are finished.
People stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, Aug. 17, 2023, in Tokyo. Asian stocks followed Wall Street lower Thursday after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished. – Global stocks followed Wall Street lower Thursday after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished.
In early trading, the FTSE 100 in London fell 0.3% to 7,332.01. The CAC 40 in Paris lost 0.4% to 7,233.00 and the DAX in Frankfurt retreated 0.3% to 15,738.25.On Wednesday, the Dow lost 0.5% and the Nasdaq composite dropped 1.1%. Yields widened further after the release of Fed notes increased expectations of another possible rate hike. When safer bonds pay higher returns, investors often feel less incentive to buy stocks, which have more volatile prices.
On Wednesday, big technology stocks and other investments seen as particularly vulnerable to higher rates were some of the biggest decliners. Tesla fell 3.2%. Facebook’s parent, Meta Platforms, dropped 2.5%, and Amazon fell 1.9%.helped trigger the slide by suggesting there still is upward pressure on prices.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Stock market today: Wall Street drops as faltering Chinese economy sets off global slideA sharp drop for Wall Street capped a day of declines worldwide after discouraging data on China raised worries about the global economy.
Les mer »
Bitcoin and US stock market correlation shoots up: Is BTC at Fed’s mercy again?Bitcoin (BTC) price action remains boring, but certain elements that directly or indirectly affect it are changing slowly. Previous publications have
Les mer »
EUR/USD dips below 1.0900 as Fed’s minutes show split views amongst Fed officialsEUR/USD dropped below 1.0900 for the second straight day, as the latest Federal Reserve (Fed) monetary policy minutes began to show policymakers are s
Les mer »
Wall Street drops as faltering Chinese economy sets off global slideA sharp drop for Wall Street capped a day of declines worldwide after discouraging data on China raised worries about the global economy.
Les mer »
Stock market today: Asia shares decline as faltering Chinese economy sets off global slideAsian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy.
Les mer »
Stock market today: Asia shares decline as faltering Chinese economy sets off global slideAsian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy.
Les mer »