Global markets steady after slowdown fears hit Wall Street

Digest opened free editor

Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.

Global stocks on Tuesday surpassed the severe fall in Wall Street, which is fueled by the investor’s concerns about the impact of Donald Trump’s policies on the American economy.

Futures markets indicated a small recovery in the United States, where the S&P 500 and NASDAQ contracts follow 0.3 percent and 0.2 percent, respectively. In Europe, Stoxx EUROPE 600 settled, decreasing only 0.1 percent, while DAX added in Germany 0.3 percent.

Asian shares, which were sharply opened on Tuesday after selling the United States, some land. The Nikkei 225 index directed towards Japan in Japan ended 1.1 and 0.6 percent, respectively. KOSPI fell from South Korea by 1.1 percent, and the S&P/ASX 200 decreased in Australia by 0.9 percent.

The Chinese CSI 300 advanced 0.3 percent, while in Hong Kong, the Hang Singh Index ended today an apartment. Renminbi in China, which is trading freely, is strengthened by 0.3 percent to $ 7.24.

The transformations followed great moves in Wall Street, where investors were concerned about the speech from senior US administration officials in a decrease in the stock market. Trump said that there will be a “transitional period” where the economy has been modified with a global trade war.

Nasdaq’s compound decreased by 4 percent – its worst day in two and a half years – while the S&P 500 index fell by 2.7 percent due to concerns about the economic impact of Trump’s global trade war.

“American data still shows an economy in good condition, but investors feel dismay because of the irregular political messages that undermine consumption and investment,” said Zeurich, the chief market strategy of the insurance company.

“While growth is at risk and animal lives in hiding, recession fears in the United States seem pleasant.”

Technology and industrial companies led to the fall in Asia, with the decrease in TSMC and Foxconn contracts decreased by 2.7 percent and 2 percent. Samsung Heavy Industries in Korea fell by 2.1 percent, and Tokyo Electron ended today by 0.5 percent.

“It will be a volatile market worldwide this year, with Trump and [presidential adviser Elon Musk’s] “News Daily News tops the headlines.”

Other analysts have indicated that US technology shares have increased over the past year, prompting some investors to achieve profits.

“everyone [US] “The technology sector has risen a lot since last April, even with correction now, it was still gathering a lot,” said Wi John Chung, a strategic marketing expert in BNY.

“People are worried that this will be a collapse, but I do not think that,” he added.

“When you have a new and better option, people are controlling and adjusting the assessments,” said Chung.

Investors turned into US Treasury bonds on Tuesday, as revenues in bonds for two years and 10 years fell 0.01 percent to 4.19 percent and 0.02 percentage points to 3.87 percent, respectively.

The US dollar decreased by 0.5 percent against a basket of six commercial partners and decreased by 4.6 percent since the beginning of the year. The Japanese yen gathered before peeling gains to $ 147.1 for the dollar.

The oil increased, with Brent Futures – International Standard – an increase of 0.4 percent to $ 69.54 a barrel. Prices fell by 1.5 percent on Monday during the American session, amid uncertainty over global demand.

Gold increased by 0.5 percent to $ 2,904 per ounce.