News Formal

Stocks, U.S. futures dip ahead of rate decisions - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

Stocks in Europe slipped along with U.S. equity futures as investors digested a flurry of mixed corporate earnings and economic data while positioning for rate increases from the Federal Reserve and European Central Bank later this week.

The Stoxx Europe 600 index extended a decline after data suggested the euro area will avoid a recession after unexpectedly expanding at the end of 2022, prompting traders to ramp up bets on monetary tightening by the ECB.

In the euro area, gross domestic product edged up by 0.1 per cent in the final quarter, Eurostat said Tuesday, defying economist estimates for a contraction of 0.1 per cent. While German and Italian output shrank, France and Spain recorded expansion. There was also stronger-than-anticipated data on Monday from Ireland.

Samsung Electronics Co. fell more than 3.5 per cent in Seoul, weighing on South Korea's Kospi gauge, after profit slumped on poor demand for semiconductors and weakness in smartphones and memory chips. In Hong Kong, Alibaba Group Holding Ltd.'s decline this week reached around 10 per cent amid concern that China's consumer recovery may fail to meet lofty expectations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe’s luxury stocks have room to rise, but becoming costlyThe likes of Louis Vuitton-owner LVMH and Swiss jewelry company Richemont have benefited from the resilience of their wealthy customers
Source: globeandmail - 🏆 5. / 92 Read more »

3 reasons to give dividend stocks another lookDividend stocks remain a good option for investors looking to weather any upcoming volatility and maximize their returns. Find out more.
Source: financialpost - 🏆 7. / 85 Read more »

3 reasons to give dividend stocks another lookDividend stocks remain a good option for investors looking to weather any upcoming volatility and maximize their returns. Find out more.
Source: fpinvesting - 🏆 43. / 63 Read more »

U.S. stocks fall with eyes on rate hikes; bonds decline - BNN BloombergShares in Europe declined on Monday along with U.S. equity futures as a note of caution crept in at the start of a week marked by interest-rate decisions and big-name company earnings on both sides of the Atlantic.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

3 reasons to give dividend stocks another lookDividend stocks remain a good option for investors looking to weather any upcoming volatility and maximize their returns. Find out more.
Source: fpinvesting - 🏆 43. / 63 Read more »