Stocks drop as Chinese, eurozone data disappoint

Eurozone economic activity fell to 49.9 points in June, just under the 50-point mark indicating zero growth, according to revised figures from the keenly-watched HCOB Eurozone Composite purchasing managers' index.

Apart from the odd pledge of action and some small interest rate cuts, Chinese authorities have done little to address the problem as the economy has sputtered despite the end of Covid restrictions late last year. "It sounds like she will have her work cut out for her, but in any case, there is an identifiable excuse for market participants to take some money off the table in stocks that have made big runs and it appears that is an aim ahead of today's open," O'Hare wrote shortly before trading began.

United States United States Latest News, United States United States Headlines

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

Stocks strengthen after Australian central bank holds ratesAsian stocks rose on Tuesday afternoon after Australia's central bank held interest rates steady, which helped ease investor worries about over-tightening of policies by central banks.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

Stocks dip, dollar steadies as investors seek rates clarityMost Asian stocks fell on Tuesday, while the U.S. dollar and oil steadied, as investors held safe ranges awaiting more clues on whether central banks will continue their aggressive interest rate hikes.
Source: ReutersAfrica - 🏆 31. / 53 Read more »

The JSE’s best and worst-performing stocks so far this yearThe JSE has been unable to keep up with its global peers, despite ending the first half just over 4% stronger. Moneyweb Stocks
Source: Moneyweb - 🏆 5. / 77 Read more »

The JSE’s best and worst-performing stocks so far this year
Source: Moneyweb - 🏆 5. / 77 Read more »