Contact Your Financial Adviser Money Making MC
26 October 2018
 |
| Financial Markets (The Total Investment & Insurance Solutions) |
Global stock markets turned lower again on Friday, with Wall Street set
to drop on the open, amid worries over corporate earnings, trade and the
outlook for economic growth.
KEEPING SCORE: France's CAC 40 shed 2.3 percent to 4,917, while
Germany's DAX slipped 2 percent to 11,089. Britain's FTSE 100 shed 1.4 percent
to 6,906. U.S. shares were also set to slide, with Dow futures falling 0.9
percent and S&P 500 futures dropping 1.1 percent.
ASIA'S DAY: Japan's benchmark Nikkei 225 lost 0.4 percent to finish at
21,184.60, while South Korea's Kospi dropped 1.8 percent to 2,027.15.
Australia's S&P/ASX 200 was flat at 5,665.20. Hong Kong's Hang Seng sank
1.1 percent to 24,717.63 and the Shanghai Composite shed 0.2 percent to
2,598.85. Shares rose in Indonesia but fell in Taiwan and elsewhere in
Southeast Asia.
TECH WOBBLE: After gains on Wall Street on Thursday, sentiment soured
after Amazon reported revenue figures that disappointed investors. Google
parent company Alphabet's earnings were also below expectations. That put
pressure more widely on technology stocks. Shares in Amazon were down 9 percent
in premarket trading.
More broadly, investors are worried that rising interest rates and
disputes with trading partners could hurt economic growth and corporate
profits. They get more insight into how the American economy is doing later in
the day when the U.S. government reports on economic growth during the third
quarter.
THE QUOTE: "Any hope that Thursday's recovery was anything more
than a dead cat bounce was short-lived, as a couple of disappointing earnings
reports sent investors running for the hills again on Friday," Craig Erlam
of OANDA said in a commentary. "The mentality of the markets right now
means that any reasons to sell are being leaped on."
ENERGY: Benchmark U.S. crude fell 91 cents to $66.42 a barrel in
electronic trading on the New York Mercantile Exchange. It gained 51 cents to
$67.33 per barrel on Wednesday. Brent crude, the benchmark for international
oil prices, dipped 80 cents to $76.09.
CURRENCIES: The dollar fell to 112.02 yen from 112.43 yen the day
before. The euro fell to $1.1346 from $1.1375.The Total Investment & Insurance Solutions
No comments:
Post a Comment