Economy
Tuesday August 16, 2016
European shares closed lower
Wall Street moved away Tuesday from their records after a member Federal Reserve (Fed) hinted that the bank may increase in September ultralow interest rates.
William Dudley , president of the New York Fed, told the TV channel Fox Bussiness possible rates rise September and investors on Wall Street were too “confident” that would rise next year.
Analysts also said the market paused after the three indices of the New York stock exchange reached their historical records in two of the last three sessions.
“What today is nothing more than a breather,” said Art Hogan, the firm Wunderlich Securities.
The Dow Jones industrial average fell 0.45% to 18,552.02 points, while the Nasdaq, dominated by technology stocks, lost 0.66% to 5227.11 points, according to final data
the extended index S &. P 500 gave up 0.55% to 2178.15 points.
the dollar pared early losses, but still near its lowest level this month after Dudley’s comments.
investors will analyze now in detail the minutes of the meeting of economic policy of the Fed July, which on Wednesday published, for clues on plans by the US central bank after the strong employment report in June.
However, data released Tuesday showed that consumer prices remained stable in July because the value of gasoline fell for the first time in five months and core inflation moderated.
Nine of the top 10 sectors in the S & P500 fell, leading the fall energy division, with a decline of 0.6%. The materials industry was the only one who won, up 0.53 percent thanks to a weaker dollar.
Meanwhile, major European stock markets ended the day on Tuesday with negative trends, in the absence of arguments to motivate investors.
the FTSE-100 index of the London stock exchange fell 0.68%, Frankfurt’s DAX gave up 0.58% and the CAC 40 Paris fell 0.83%. In Madrid the Ibex 35 closed down 1.13% and the FTSE Mib in Milan fell 1.21%.
Asia
the Tokyo stock market closed with a sharp decline of 1.6% due to the strengthening of the yen against the dollar and the euro in a thin market.
the Nikkei 225 main values lost 273.05 points to 16,596.51 points. The Topix index of all values closed down 1.38% to 1298.47 points. In a very quiet market only 1.600 million shares traded.
Meanwhile, the Chinese authorities today approved the implementation of the connection between the Hong Kong and Shenzhen , a mechanism which was scheduled to start operations earlier this year and was delayed pending the markets should give more guarantees of stability.
The Shenzhen-Hong Kong program, whose imminent adoption anticipated yesterday the Chinese authorities, was signed Tuesday by the State Council (government), as published by the official Xinhua news agency today.
The connection between the Hong Kong and Shanghai generated transactions worth about 2 trillion yuan (about 309,100 million) in its first year of operation.
The benchmark Stock Exchange of Hong Kong, the Hang Seng closed with slight gains of 0.09%, while the Shenzhen ended with an increase of 0.56%.
<- recommended Home News ->
No comments:
Post a Comment