Business
Wednesday August 19, 2015
European shares closed in red
Wall Street fell after a report from the Fed considered ambiguous on a increased interest rates supporting the economy, the collapse of oil prices and turbulence in the Chinese economy: the Dow Jones yielded 0.93% and the Nasdaq 0.80%
. The Dow Jones Industrial Average lost 162.61 points to 17,348.73 and the Nasdaq 40.30 points to 5019.05, according to final data
The extended index S &. P 500 fell 0.83% ; namely 17.31 points to 2079.61.
In red from the opening in the middle of the session provisionally found support rates in the minutes of the meeting of the Federal Reserve (Fed) July .
Wall Street wonders when the Fed will start to remove the stimulus to the economy it means to have interest rates near zero, as occurs since 2008. The minutes did not clarify the doubts: note that members the Fed are still pondering the increased rates.
The document showed that more convincing data on employment and the evolution of inflation towards the target of 2% is expected and, moreover, there is a lingering fear the weakening of the Chinese economy.
The stock market indices, which almost came to enter positive territory, fell again at the end of the session. Investors seemed concentrated in the minutes of the Fed and in particular in its statement that “approximate” the conditions to raise rates.
“I really do not know clearly whether or not the Fed will begin to rise rates in September, “said Sam Stovall, Standard & amp; Poor’s Capital IQ.
Stoval also pointed out that the stock market goes into a monotonous month and repeating many things.
“The results of companies were slightly better than expected but the forecasts were revised downward for the last two quarters of the year … China replaced Greece as geopolitical concerns,” he said.
“Consequently the S & amp index P 500, which is followed by large investors, continues to evolve within the same levels,” said
Meanwhile, major European stock exchanges. Wednesday recorded heavy losses burdened by volatility in Asian markets, particularly China, and concern for the world economy.
The London Stock Exchange fell sharply by 1.9% so the FTSE-100 index of top shares provisionally closed at 6403.45 points.
The Frankfurt Stock Exchange 2.1% and star index, the DAX, closed at 10,682.15 points left. On the floor of Paris, the CAC 40 lost 1.7%, to 4884.10 points. Share prices fell 1.06% to 10,782 points. The FTSE Mib index of the Milan Stock Exchange dropped 1.77% is aa 22,975 points.
In Asian markets, Chinese shares closed higher a very volatile session in which rallied late when the great losses they had registered during most of the day and returned to shake international markets.
After the fall of more than 6% yesterday, the general index of the Shanghai Stock Exchange, the benchmark in the parks of the Asian giant, rose 1.23% at the end of today, and the Shenzhen Stock Exchange, the country’s second, another 2.18%.
Although both parks ended the day higher, nobody would think that something similar could occur at midday, when losses exceeded 3% in Shanghai and approached that figure in Shenzhen.
At that point it began to soften the collapse of Chinese stocks, which at times in the morning was around 4% , which, added to bump Eve they came to register declines of more than 9% accumulated in the last two days.
With that news Asian trading floors closed as Tokyo where selective Nikkei fell 1.61% today driven by concerns about the second world economy , or Seoul, which also saw a decrease of 0.86% in the benchmark Kospi.
Exchange of Hong Kong, a place particularly sensitive to the future of China, doubts led the benchmark, the Hang Seng, subtract 1.31% . which placed him in the lowest quotation of the last eight months, since December
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