On Monday, the Nasdaq Composite index headed south by nearly 2…
European equities rebound
On Monday, worries over China’s decelerating economy affected American equities and kept world shares under pressure, although EU equities rallied due to upbeat earnings reports and also a relief that Italy managed to dodge a ratings downgrade.
However, the common currency slumped to a session minimum after a senior party source told that German Chancellor Angela Merkel wouldn’t consider re-election as party chief after big losses for her Christian Democrats in Hesse.
The DAX rallied by 0.7% in Germany, while the major index of euro zone stocks STOXX50E surged by 0.5%, underpinned by a weaker common currency.
The FTSE MIB led the market demonstrating a 1.5% leap after Italian bond gains dived abruptly to a one-week minimum after Standard & Poor's decision not to change Italy's sovereign rating, thus making relief. It also backed Italian bank equities FTIT8300, letting them soar by 2.7%.
The MSCI world equity index MIWD00000PUS, which tracks equities in 47 countries, added 0.1%. This month has slumped by 9.3%. Since its January maximum it has lost up to $6.7 trillion in market capitalization.
In Asia, overnight losses were mostly led by China’s blue-chip index that dived more than 3.3%.
China’s data underscored fears of a decelerating economy as revenue surge at its industrial companies speeded down for the fifth month in a row in September because of diving sales of raw materials as well as manufactured products.
S&P 500 and Dow Jones Industrial futures went down by respectively 0.2% to 0.3% after the data, reversing a 0,4% profit recorded earlier.
Global financial markets have been affected by an array of dismal factors from an escalating China-American trade clash to tensions in the EU over Italy's budget as well as tightening monetary policy.
The USD index surged by 0.2% hitting 96.553 having soared by 0.7% the previous week.
On Monday, Asian equities managed to jump, with Chinese shares adding more than 1%…
On Friday, the S&P 500 headed south along with equities of large technology, material and industrial companies because of dismal Chinese data as well as a dive in crude prices…
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…