• Latest
  • Trending

Europe joins sell-off but Wall Street eyes rebound

3 years ago

Buhari’s Chief of Staff, Gambari, other Presidential aides receive COVID-19 Vaccines

1 hour ago

Justice Ngwuta Was An Eminent, Erudite Jurist, will be missed – Tinubu

2 hours ago

EFCC Chairman, Bawa addresses Staff, harps on discipline

2 hours ago

 Niger Rule Out  Dialogue With  Bandits, To Equip local Vigilante With Pump Action Guns

2 hours ago

Breaking: Ogun takes delivery of COVID-19 Vaccines at Governor’s office

2 hours ago

Gunmen Abduct 19 people in Niger community

2 hours ago

ECB Confronts Shifting Markets as Economy Stays Frozen

2 hours ago

International Women’s Day 2021: ‘Choose to Challenge’

3 hours ago

NDLEA arrests suspected drug trafficker with 3 parcels of cocaine at Lagos Airport

3 hours ago

Coronavirus: Restaurants, bars reopen in Israel with 40% of country vaccinated

4 hours ago

Pope Francis ends historic visit to Iraq, leaves for Rome

4 hours ago

At least eight killed, over 170 injured in Yemen fire explosion

5 hours ago
  • HOME
  • ADVERT RATE
  • Privacy Policy
  • CONTACT US
TVC News
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Shows
  • Video
No Result
View All Result
Monday, March 8, 2021
Livestream
Advertise Here
TVC News
No Result
View All Result

Europe joins sell-off but Wall Street eyes rebound

April 3, 2018
in Business, International
2 min read
Share on FacebookShare on Twitter

World markets battled to regain their poise on Tuesday after another round of tech and trade war worries had clobbered shares and oil prices tumbled on signs of rising Russian supply and Saudi price cuts.

Europe’s main markets in London, Paris and Frankfurt were all down more than 0.5 percent, after being closed on Monday when the pace of selling had pushed U.S. markets below pivotal technical levels.

Tech stocks remained the pressure point, dropping more than 1 percent, after more criticism of Amazon by U.S. President Donald Trump and as reports that Apple intended to make more of its own parts burnt European chipmakers like ams AG and STMicroelectronics.

Some signs of stability were emerging, though. Wall Street futures pointed higher, the dollar steadied against the yen after three days of decline and gold and government bonds were in reverse.

“There is actually very little contagion from all the equity market moves that are grabbing all the headlines,” said Saxo Bank’s head of FX strategy John Hardy.

Advertisement

Asia’s shares had stumbled overnight, too, although less than Wall Street, where the S&P 500 closed below its 200-day moving average for the first time since Britain’s 2016 vote to leave the European Union.

As well as the tech problems, investors were also wary after China imposed extra tariffs on 128 U.S. products, deepening a dispute between the world’s two biggest economies and stoking concerns about the impact on global growth.

Japan’s Nikkei ended down 0.45 percent, after falling as much as 1.6 percent. China’s Shanghai Composite index eased 0.9 percent and the blue-chip CSI300 was off 0.7 percent.

U.S. Treasuries, German Bunds and UK Gilts all saw a bit of selling, with yields on 10-year notes off two- to three-month lows.

“The big question is how far the current tremor in the equity market will affect bonds, given it is driven by a single company – even if it is a tech giant having a huge market weight,” said DZ Bank strategist Christian Lenk.

Advertisement

Among the main commodities, Brent oil futures nudged back up towards $68 a barrel. They had fallen more than 3.7 percent on Monday after news of rising Russian output and the escalating U.S.-China trade dispute weighed on sentiment.

U.S. crude gained 14 cents to $63.15, copper jumped 1.4 percent for its fourth straight gain and spot gold ticked down 0.2 percent to $1,338.08 an ounce.

Tags: EUROPEFrankfurtParisWall Street
SendShareTweetShare

Related Posts

Business

Designer, Pierre Cardin, dies at 98

2 months ago
International

Violence erupts in Paris during protest against new security law

3 months ago
International

FIFA to setup new commercial office in Paris early 2021

5 months ago
News

Nigerian basketball player Michael Ojo, dies during training in Serbia

7 months ago
Health

COVID-19: Daily deaths in UK drops to lowest since March

10 months ago
International

Paris: Notre-Dame Cathedral to miss first Christmas in centuries

1 year ago




TVC News Nigeria

© 2020 TVC News
First with Breaking News
All Rights Reserved

Navigate Site

  • HOME
  • ADVERT RATE
  • Privacy Policy
  • CONTACT US

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Shows
  • Video

© 2020 TVC News
First with Breaking News
All Rights Reserved

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

quality online essay writing service