Stock market today: Global shares sink after Fed notes dent hopes of rate hikes ending

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Global stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes that interest rate hikes are finished.

People stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, Aug. 17, 2023, in Tokyo. Asian stocks followed Wall Street lower Thursday after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished. – Global stocks followed Wall Street lower Thursday after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished.

In early trading, the FTSE 100 in London fell 0.3% to 7,332.01. The CAC 40 in Paris lost 0.4% to 7,233.00 and the DAX in Frankfurt retreated 0.3% to 15,738.25.On Wednesday, the Dow lost 0.5% and the Nasdaq composite dropped 1.1%. Yields widened further after the release of Fed notes increased expectations of another possible rate hike. When safer bonds pay higher returns, investors often feel less incentive to buy stocks, which have more volatile prices.

On Wednesday, big technology stocks and other investments seen as particularly vulnerable to higher rates were some of the biggest decliners. Tesla fell 3.2%. Facebook’s parent, Meta Platforms, dropped 2.5%, and Amazon fell 1.9%.helped trigger the slide by suggesting there still is upward pressure on prices.

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:

 /  🏆 246. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Stock market today: Wall Street drops as faltering Chinese economy sets off global slideA sharp drop for Wall Street capped a day of declines worldwide after discouraging data on China raised worries about the global economy.
Source: AP - 🏆 728. / 51 Read more »

Bitcoin and US stock market correlation shoots up: Is BTC at Fed’s mercy again?Bitcoin (BTC) price action remains boring, but certain elements that directly or indirectly affect it are changing slowly. Previous publications have
Source: FXStreetNews - 🏆 14. / 72 Read more »

Stock market today: Asia shares decline as faltering Chinese economy sets off global slideAsian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asia shares decline as faltering Chinese economy sets off global slideAsian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy.
Source: AP - 🏆 728. / 51 Read more »