The Stoxx Europe 600 was down 0.9% by the close in London, declining for a third session. Industrial goods and services stocks led the retreat, while the basic resources and energy sectors were the biggest gainers.
Minutes from the Fed’s July policy meeting showed that most participants continued to see “significant upside risks to inflation, which could require further tightening of monetary policy.” However, two officials favored leaving rates unchanged or “could have supported such a proposal” instead of the rate hike authorized by the Federal Open Market Committee.
Investors remained concerned about signs of weakness in Chinese markets. Zhongzhi Enterprise Group Co., the Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion, is planning to restructure its debt and hired KPMG LLP to conduct an audit of its balance sheet, according to people familiar with the matter.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European Stocks Fall on Fed Rate Outlook Worries; Adyen Plunges(Bloomberg) -- European stocks extended declines after minutes from the Federal Reserve’s policy meeting in July suggested further interest-rate increases could be needed to contain inflation.Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesGoldman Sachs Blames Zero-Day Options
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks mixed as Target jumps, Fed minutes on tap: Stock market news todayStock indexes were looking to rebound from a day that saw each lose more than 1%.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Premarket: Global stocks slip on China data, European shares recover some groundConcerns about the health of China’s economy continues to weigh on global sentiment
Source: globebusiness - 🏆 31. / 66 Read more »
Investors least bearish on stocks since pre-Fed rate hikes, BofA saysInvestors are the least pessimistic on stocks since February of last year, before the US Federal Reserve began hiking rates. Read more.
Source: financialpost - 🏆 7. / 85 Read more »
Stock market today: Global shares sink after Fed notes dent hopes of rate hikes endingBEIJING (AP) — Global stocks followed Wall Street lower Thursday after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished. London, Hong Kong, Paris and Seoul declined. Shanghai and Wall Street futures advanced. Oil prices rose. Wall Street's benchmark S&P 500 lost 0.8% on Wednesday after minutes from the Fed's latest meeting suggested board members are unsure what to do after raising their key lending rate to a two-decade high. Traders had hoped the board wou
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Energy and base metal stocks help lift S&P/TSX composite, U.S. stock markets downTORONTO — Strength in energy and base metal stocks helped lift Canada's main stock index in late-morning trading, while U.S. stock markets edged lower. The S&P/TSX composite index was up 19.97 points at 19,919.04.
Source: SooToday - 🏆 8. / 85 Read more »