Investors are worried about growth coronavirus Vaccine and central bank support.
Asian market Transactions were mixed as China’s weaker-than-expected economic data rekindled concerns about slowing global growth.
China’s industrial output rose at the slowest pace since July 2020 in August, and retail sales growth also slowed significantly due to strict COVID-19 restraints, the second largest slowdown in the world. There is growing concern about. Economy..
Virus concerns continue, with Singapore reporting the highest number of COVID-19 cases since August last year.
Softer than expected CPI data squeezed the dollar index and helped raise gold to a week-long high. Crude oil prices rose after US crude oil inventories fell more than expected.
Expectations that vaccination rates will contribute to the economic recovery from COVID-19 also improved the outlook for fuel demand.
It’s a busy day on the Eurozone economic calendar, and industrial production figures in the region and final inflation figures in France could impact the market.
Across the Atlantic, federal reports on industrial production could attract attention, along with separate reports on import and export prices and New York manufacturing activities.
The Federal Reserve Board of Governors will hold a monetary policy meeting next week, and many expect the central bank to provide up-to-date information on the outlook for asset purchase programs.
US stocks fell overnight as economic uncertainty and the potential for higher corporate tax rates masked signs of inflation easing.
The Dow fell 0.8% to its lowest closing price in almost two months. Meanwhile, the S & P 500 fell 0.6% and the high-tech Nasdaq Composite index fell 0.5%.
European stocks ended in a mix on Tuesday as relatively tame US inflation data created optimism that the Federal Reserve might delay plans to begin diminishing stimulus.
The Pan-Europe Stoxx600 finished almost unchanged. Germany’s DAX rose 0.1%, France’s CAC 40 index fell 0.4%, and the UK’s FTSE 100 fell 0.5%.
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European stocks looked up despite growth concerns
Source link European stocks looked up despite growth concerns