People walk near an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, April 16, 2024, in Tokyo. – World shares skidded Tuesday following a slump on Wall Street after after a report showed American shoppersA strong U.S. economy might keep inflation from falling to a level where the Federal Reserve feels comfortable cutting interest rates. High interest rates and bond yields hurt prices for all kinds of investments.In Europe, Germany's DAX lost 1.
“The sky is not blue in China,” Ipek Ozkardeskaya of Swissquote said in a commentary, since such signals hint “that the underlying problems are not going away." Tokyo's Nikkei 225 fell 1.9% to 38,471.20 as the dollar continued to gain against the Japanese yen, hitting fresh 34-year highs. By late afternoon the dollar was trading at 154.51 yen, up from 154.27 yen.Elsewhere in Asia, Taiwan's Taiex led the regional decline, falling 2.7%. Markets in Bangkok were closed for Songkran holidays.
The economy and financial markets are in an awkward phase where stronger spending and growth raises hopes for better corporate profitability but also hurts prospects forHigh interest rates and bond yields hurt prices for all kinds of investments, particularly those that look expensive or those that compete for the same kinds of investors as bonds do.
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Stock market today: World shares track slump on Wall St triggered by strong US spending dataShares have skidded in Europe and Asia following a slump on Wall Street after a report showed American shoppers spent more at retailers last month than expected. Oil prices and U.S. futures fell. Benchmarks in China slipped even after Beijing reported the Chinese economy grew at a surprisingly fast 5.3% annual pace in the first quarter of the year.
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Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »