European stocks closed notably lower on Tuesday amid renewed concerns about the outlook for global economic growth and uncertainty about the pace of interest rate cuts by the Federal Reserve following recent mixed economic data. Investors digested some regional economic data and a report on U.S. manufacturing activity, and awaited comments from European Central Bank...
The Switzerland stock market ended notably lower on Tuesday, in line with markets across Europe, as worries about growth and uncertainty about the likely pace of Fed interest rate cuts weighed on sentiment. Investors also digested the latest batch of Swiss economic data. The benchmark SMI, which dropped to a low of 12,293.90, ended down...
The Canadian market ended sharply lower on Tuesday, weighed down by losses in energy, materials and technology sectors. Weak commodity prices, and concerns about global economic growth and uncertainty about the pace of U.S. interest rate cuts rendered the mood bearish. The benchmark S&P/TSX Composite Index, which fell to a low of 22,976.55, losing nearly...
The Japanese stock market is trading sharply lower on Wednesday, adding to the slight losses in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling more than 3 percent to below the 37,500 level, with weakness across all sectors led by index heavyweights and technology stocks. The...
Asian stock markets are mostly trading sharply lower on Wednesday, following the sell-off on the Wall Street overnight, as markets in Australia, Japan, South Korea, Hong Kong, Singapore and Taiwan all tumbled. Weak commodity prices, concerns about global economic growth and uncertainty about the pace of U.S. interest rate cuts weighed on the markets. Asian...
Indian shares followed global peers lower on Wednesday as weak manufacturing data added to concerns that the U.S. economy could be headed to a recession. Investors also looked ahead to the release of all-important U.S. jobs data on Friday for potential clues to Federal Reserve rate cuts. The benchmark S&P/BSE Sensex fell 490 points, or...
Final composite Purchasing Managers survey results from the euro area and the UK are due on Wednesday, headlining a busy day for the European economic news. At 3.15 am ET, services PMI survey data is due from Spain. Economists forecast the index to rise to 54.8 in August from 53.9 in the previous month. At...
The Commerce Department released a repot on Tuesday unexpectedly showing a decrease by U.S. construction spending in the month of July. The report said construction spending fell by 0.3 percent to an annual rate of $2.163 trillion in July, while revised data showed construction spending was nearly unchanged at an annual rate of $2.169 trillion...
The Canadian market is down sharply in negative territory around noon on Tuesday with stocks from across several sectors reeling under a severe bout of selling pressure. Energy and materials stocks are down on weak commodity prices. Technology and consumer discretionary stocks are among the other major losers. The benchmark S&P/TSX Composite Index is down...
The pound fell against its major counterparts in the New York session on Tuesday, as investors awaited key U.S. economic data, including Fridays non-farm payrolls report for August to gauge the size of the Federal Reserves rate cut later this month. Fridays U.S. jobs report is crucial as an apparently cooling labor market might reignite...