European stocks dropped on Tuesday, following another day of sharp declines for Chinese equities, as investors weighed the potential economic implications of the war inEurope’s Stoxx 600 index fell 0.8 per cent in morning dealings, after rising 1.2 per cent in the prior session. Germany’s Dax lost 1.3 per cent and France’s Cac 40 index fell 1.4 per cent. In London, the FTSE 100 fell 0.8 per cent.
Across the Atlantic, US futures tracking Wall Street’s S&P 500 index and the technology-heavy Nasdaq 100 added 0.1 per cent and 0.3 per cent respectively following declines in the previous session. The yield on Germany’s 10-year Bund, which serves as a barometer for eurozone borrowing costs, fell 0.01 percentage point to 0.36 per cent, having hit its highest level in more than three years during the prior session.Tighter monetary policy would hurt fixed income, stock prices, corporate earnings and valuations, said Mike Zigmont, head of trading and research at Harvest Volatility Management.
IrishTimes Think its because of the new lockdown in China...Less demand...
IrishTimes I'm sure we'll all see a drop in petrol prices at the pumps...right? 🤬🤬🤬