European stocks are expected to open lower on Friday after Amazon warns investors that sales growth will slow in the third quarter.
The surge in Delta COVID variants, signs of slowing growth in the U.S., and growing concerns about China’s tuition, technology and real estate sector regulatory crackdowns could also weigh heavily. market..
Asian markets are generally low, and New Zealand and Japan’s benchmark indexes have fallen by more than 1% due to concerns about how the pandemic is imminent in the US economic recovery.
Hong Kong’s Hang Seng Index fell by more than 2% as reassurance from Chinese regulators failed to calm investors.
The dollar remained low for nearly a month and was well on its way to the worst weekly display since May, while gold remained high for nearly two weeks. Oil fell in Asian trade, but headed for a solid weekly rise.
The Flash Quarter National Accounts and Inflation Report, coming from the Eurozone and other major Eurozone economies later in the day, is a busy day headline for European economic news.
Across the Atlantic, transactions may be affected by another batch of US economic data, including reports on personal income and spending in the Chicago region. jobs Activity and consumer sentiment.
US stocks made modest profits overnight as weaker-than-expected data solidified expectations that monetary policy would remain accommodative for some time.
According to the Commerce Department, US real GDP rose 6.3% in the first quarter and then 6.5% in the second quarter. Economists expected GDP to skyrocket by 8.5%.
Pending home sales fell in June, unemployment claims fell more than expected in the week ending July 24, providing more evidence that economic recovery began to slow.
The Dow and S & P 500 hit new daytime highs before finally reaching around 0.4%. The high-tech Nasdaq Composite Index rose 0.1%.
European markets rose Thursday, the Fed made dovish comments on interest rates, and many positive earnings updates supported sentiment.
The Pan-European STOXX 600 rose 0.5%. Germany’s DAX rose 0.5%, France’s CAC 40 index rose 0.4%, and the UK’s FTSE 100 rose 0.9%.
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European stocks fell slightly at the time of opening
Source link European stocks fell slightly at the time of opening