US equities sag the 8th consecutive session due to trade concerns
US equities went down, with Dow diving the eighth consecutive day…
Key European indexes are mixed
On Wednesday, EU markets were generally mixed in the face of a worsening political downtime in the eurozone's number three economy.
The European index Stoxx 600 didn’t change during the morning trading session, with sectors as well as large exchanges pointing in opposite directions.
As for the national indices, the Italian FTSE MIB revived a bit after fixing steep losses in recent days. Italy's political issues stirred global financial markets in the face of news about the prospects for early elections in Italy, which could be called a referendum on the role of the country in the European Union.
The European banking index led losses, losing more than 0.7% because traders feared that political turmoil in Italy could ultimately impact the banking system of the region. As a matter of fact, Credit Agricole, Close Brothers Group and Credit Suisse turned out to be the worst sectorial performers after the opening of the markets - all slumped by more than 1%.
Meanwhile, Umicore in Belgium managed to ascend to the top of the index after ING raised the target price of equities of the group of global materials technologies as well as processing. These stocks edged up by 2.5%.
In Asia, on Wednesday, shares dived because the power struggle in Italy influenced the global financial markets. The largest MSCI index in the Asia-Pacific region, excluding Japan, went down 1.5%.
Meanwhile, the echoes of Italy’s political coup also provoked a steep dive on Wall Street. Stock indices in the United States were weakened by a sag in the banking sector. The Dow Jones industrial index headed south by nearly 400 points, while the S&P 500 along with Nasdaq dipped too.
It was a third losing consecutive trading session for the Dow and S&P 500, with both indexes facing their worst day on a percentage basis since April 24.
Similar
European equities edge down
On Thursday, except the United Kingdom, European stock markets dived in the face of everlasting worries of a proliferation of trade clashes between China and America, which appear to be the largest economies around the globe…
Asia-Pacific equities show different directions
On Thursday, stock indexes of the Asia-Pacific region came up with different directions after quite mixed signals from Wall Street that showed the absence of any fresh developments in the trade relations between China and the United States of America…
Popular
Asian equities stand still as Japan outperforms
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
