Asian stock markets were mixed Monday ahead of a U.S. economic update this week that is expected to show growth slowing.
A currency trader works at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, April 24, 2023. – Global stocks and Wall Street futures declined Monday ahead of a U.S. economic update that is expected to show growth slowing.
U.S. data this week are expected to show first-quarter economic growth weakened following interest rate hikes to cool business activity and inflation. That might encourage the Federal Reserve to postpone or scale down more possible rate hikes at its May meeting. In early trading, the FTSE in London fell 0.2% to 7,901.22 and the DAX in Frankfurt opened 0.1% lower at 15,860.34. The CAC 40 in Paris shed 0.3% to 7,558.20.
Health care companies and consumer product makers gained ground, offsetting losses in banks, technology stocks and elsewhere. Truist Financial and KeyCorp, two of the larger regional banks, were among the biggest decliners in the S&P 500. Truist fell 6% and KeyCorp ended 3.7% lower.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wall Street ‘egging’ on freezing egg pregnancy delaysFertility coverage, aka “egg freezing,” has been hailed as the latest breakthrough benefit for women to break through Wall Street’s very thick glass ceiling.
Weiterlesen »
Crypto’s Path to Wall Street Could Get Easier With New PlumbingA key piece of plumbing in conventional markets is getting enhanced in a way that could make it easier for traditional financial firms to trade crypto. LedesmaLyllah reports
Weiterlesen »
Morgan Stanley identifies 5 European stocks with downside risks ahead of earnings seasonThe Wall Street bank believes stock markets have priced in a potential 'over-earning' thanks to the 10% rally in the Stoxx Europe 600 index this year.
Weiterlesen »
Stock Market Crash: S&P 500 is Primed For 15% Drop, Comerica CIO Says'The equity market is poised to struggle in the weeks and months ahead': Comerica Bank's CIO says the S&P 500 is primed for a 15% drop as weak earnings, high valuations, and a hawkish Fed all work against it
Weiterlesen »
Why the stock market is so frustrating right nowWelcome to the grind.
Weiterlesen »
Bond yields could drop if Treasury trading was like the stock marketBond yields could drop under an idea that would make Treasury trading more like the stock market
Weiterlesen »