Sept 25 - European shares closed at their weakest level in over a month on Monday as worries about interest rates staying elevated for longer and a slowing Chinese economy dented the mood.
Miners slid 0.8% as metal prices weakened on higher inventories and fears of a higher-for-longer global interest rate regime. "A fresh climb in yields only adds to the stock market's woes, as investors come to realise that when Powell says 'higher for longer', he really means it." Germany's DAX shed 1.0%, with latest data showing German business morale deteriorated in September, falling for a fifth month in a row.
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.
Stocks struggle to shake off Fed rate worries: Stock market news todayWall Street stocks struggled to advance on Monday, as the Federal Reserve's 'higher for longer' interest rate strategy continued to pile on pressure as a US government shutdown loomed.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks slump, struggle to shake off Fed rate worries: Stock market news todayWall Street stocks struggled to advance on Monday, as the Federal Reserve's 'higher for longer' interest rate strategy continued to pile on pressure as a US government shutdown loomed.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks look to shake off Fed rate worries: Stock market news todayWall Street stocks struggled to advance on Monday, as the Federal Reserve's 'higher for longer' interest rate strategy continued to pile on pressure as a US government shutdown loomed.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
UK stocks kick off week lower, Entain drops to over 2-1/2-year lowMarket News
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »