- Nineteen prisoners use cutlery to break out of cells at Winchester prison
- France wants progress in Ukraine before Russia returns to G7
- Italy president begins talks to seek way out of government crisis
- Italian PM expected to resign as political chaos deepens
- Russia says US cruise missile test ‘regrettable’
- Kremlin - No date set for Normandy talks on Ukraine despite Macron meeting
- Egypt court hands out 6 death sentences on terror charges
- Putin says Russian nuclear explosion poses no threat
- Russian panel eyes alleged foreign interference in protests
- Gran Canaria wildfire triggers evacuation of thousands of people
- PM Johnson calls on Germany and France to compromise on Brexit
- Sudan's ex-president Bashir arrives at corruption trial
TEHRAN, April 03 -World markets battled to regain their poise on Tuesday after another round of tech and trade war worries had clobbered shares and oil prices tumbled on signs of rising Russian supply and Saudi price cuts.
TEHRAN, Young Journalists Club (YJC)-World markets battled to regain their poise on Tuesday after another round of tech and trade war worries had clobbered shares and oil prices tumbled on signs of rising Russian supply and Saudi price cuts.
Europe’s main markets in London, Paris and Frankfurt were all down more than 0.5 percent, after being closed on Monday when the pace of selling had pushed U.S. markets below pivotal technical levels.
Tech stocks remained the pressure point, dropping more than 1 percent, after more criticism of Amazon by U.S. President Donald Trump and as reports that Apple intended to make more of its own parts burnt European chipmakers like ams AG and STMicroelectronics.
Some signs of stability were emerging, though. Wall Street futures pointed higher, the dollar steadied against the yen after three days of decline and gold and government bonds were in reverse.
“There is actually very little contagion from all the equity market moves that are grabbing all the headlines,” said Saxo Bank’s head of FX strategy John Hardy.
Asia’s shares had stumbled overnight, too, although less than Wall Street, where the S&P 500 closed below its 200-day moving average for the first time since Britain’s 2016 vote to leave the European Union.
As well as the tech problems, investors were also wary after China imposed extra tariffs on 128 U.S. products, deepening a dispute between the world’s two biggest economies and stoking concerns about the impact on global growth.
Japan’s Nikkei ended down 0.45 percent, after falling as much as 1.6 percent. China’s Shanghai Composite index eased 0.9 percent and the blue-chip CSI300 was off 0.7 percent.
U.S. Treasuries, German Bunds and UK Gilts all saw a bit of selling, with yields on 10-year notes off two- to three-month lows.
Source:Reuters
Your Comment