Saturday , December 5 2020

Wall Street went into the correction zone and European stock markets turn red before Fed meeting

Major global markets deepened targeted low in the day on Friday amid warnings about the last meeting of the Federal Committee Operations on the open market, which does not begin tomorrow and will last until Wednesday.

While investors take for granted the fourth increase in interest rates, will focus on the signs of the end of the increment cycle.

Leading indicators in Asia closed mixed. Japan's Nikkei sacked day rally 0.62%. Meanwhile, Hang Seng Hong Kong, Shanghai CSI 300 closed lower than 0.03% and 0.15%, respectively.

In the old continent, the Euro Stoxx 50, which is about the & # 39; brings together the 50 most important companies in the field of Euro-noted at least 0.94%. France's CAC 40 was down 1.11%, while Germany's DAX closed at 0.86%.

In addition, European stock markets were affected by the heavy losses incurred by fashion brands, hand collapse of Asos 40% of the UK, after a review down their earnings forecasts.

European fashion firms are experiencing a black Monday and drop to 40%

On Wall Street, meanwhile, the climate of uncertainty involves key performance indicators. Dow operates with flue 2.11%, while the S & P500 and Nasdaq closed with losses of 2.08% and 2.27%, respectively.

With this form, and the first time since March 2016 the three main indicators of the area of ​​New York City area introduced an amendment lower accumulating more than 10% since its last peak.

At the regional level, Sant & # 39; Yaga Stock Exchange closed the day with losses of 1.18%, slow sq. The names of series B non-metallic miners retreated 2.51% and amounted to $ 28689.

On the other hand, the dollar weakens on Fed's run-up to the meeting of the world. So far, the operation, the dollar index, which measures the greenback against a basket of six currencies in the world back to the 0.27% to 97.2 points.

Despite the weakness of the US currency lost ground in the scrap copper hit new doubts about the future of a trade war. White House officials said that the unfair practice of Chinese companies cut US companies, as well as not respecting the mandate of the World Trade Organization (WTO).

Against this background, copper for March contracts falling by 0.87% to $ 2.73 per pound.

At the same time, oil revenue score is still surgery. US WTI -of reference to 0.42% and at $ 51.62 a barrel and Brent indices increased by 0.60% to $ 60.89 in Europe.

Russia is producing oil at a rate never before seen in December

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