On Thursday, Asian stocks went down after losses on Wall Street, although trade was subdued due to the fact that market participants waited for business polls in the European Union and were mostly on the sidelines ahead of the long Easter weekend holiday…
Dow futures decline over 100 points on everlasting Fed-driven worries
On Thursday, Dow futures sank over 100 points because Wall Street was braced for picking up where it left off, overwhelmed with worries after minutes from the Fed’s recent gathering dropped a hint at more interest rate lifts in the nearer future.
Meanwhile, market participants were watching soaring American bond revenues as well as dollar strength. As for global stocks, they looked quite uncertain.
Dow futures YMH8 headed south 0.5% being worth 24,659, S&P 500 futures lost 0.3% hitting 2,692. As for Nasdaq-100 futures NQH8, they went down 0.5% demonstrating an outcome of 6,729.
On Thursday, the Dow Jones Industrial Average DJIA slumped 0.7% reaching 24,797.78, diving from an afternoon 303 point leap. The S&P 500 index SPX decreased 0.6%, having earned 1.2%. As for the Nasdaq Composite Index COMP, it went down 0.2%.
Wednesday’s dips that showed up after a tumultuous trading session, were caused by the publication of the minutes from the January Fed gathering. It uncovered that policy makers were assured that the American economy happens to be stronger than at the end of the previous year. Moreover, they witness an increased probability of more interest rate lifts, backing prospects for a rate lift in March.
It powered the revenue on the 10-year Treasury bond, enabling it to get to a new four-year maximum of 2.94%, pushing the evergreen buck up.
Those worries didn’t fade away on Thursday because the 10-year revenue TMUBMUSD10Y kept to its maximum of 2.94%. Additionally, the evergreen buck lost some strength, although the ICE Dollar Index DXY tacked on 0.1% being worth 90.114.
European equities pointed to a weaker beginning, while Asian ones demonstrated mixed performance. The Nikkei 225 index NIK slumped 1%, the Shanghai Composite Index SHCOMP acquired 2% during the first trading session after the Lunar New Year.
On Wednesday, Wall Street's key indexes stood still because a Qualcomm-led soar in chipmakers was compensated by a dive in healthcare shares for the second straight trading marathon, although quarterly gains came in largely positive…
On Tuesday, Asian shares went up, keeping to a nine-month peak because expectations for stabilization in the Chinese economy helped traders to neglect Wall Street's underperformance, which followed downbeat bank gains…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…