WNYT NewsChannel 13 on Nostr: Stock market today: World shares track slump on Wall St triggered by strong US ...
Stock market today: World shares track slump on Wall St triggered by strong US spending data
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World shares skidded following a slump on Wall Street after a report showed American shoppers spent more at retailers last month than expected. U.S. futures edged 0.1% lower early Tuesday. In Europe, Germany’s DAX lost 1.4% to 17,767.98 while the CAC 40 in Paris declined 1.2% to 7,945.68. In London, the FTSE 100 was down 1.5% at 7,848.89. The Chinese government reported that the economy grew at a surprisingly fast 5.3% annual rate in the first quarter of the year. But while manufacturing and consumer spending were robust in January and February, indicators are less rosy for March. The Shanghai Composite index lost 1.7% to 3,007.07, while the Hang Seng in Hong Kong lost 2.1% to 16,248.97. Tokyo’s Nikkei 225 fell 1.9% to 38,471.20 as the dollar continued to gain against the Japanese yen. In South Korea, the Kospi declined 2.3% to 2,609.63, while Australia’s S&P/ASX 200 fell 1.8% to 7,612.50. On Monday, the S&P 500 tumbled 1.2%, following up on its 1.6% loss from last week. The Dow Jones Industrial Average dropped 0.7% and the Nasdaq composite slumped 1.8%. In the oil market, a barrel of U.S. crude for May delivery slipped 41 cents to $85.00 per barrel. Brent crude shed 34 cents to $89.76 per barrel. This year’s jump in oil prices has been raising worries about a knock-on effect on inflation, which has remained stubbornly high.
https://wnyt.com/us-news/stock-market-today-world-shares-track-slump-on-wall-st-triggered-by-strong-us-spending-data/
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World shares skidded following a slump on Wall Street after a report showed American shoppers spent more at retailers last month than expected. U.S. futures edged 0.1% lower early Tuesday. In Europe, Germany’s DAX lost 1.4% to 17,767.98 while the CAC 40 in Paris declined 1.2% to 7,945.68. In London, the FTSE 100 was down 1.5% at 7,848.89. The Chinese government reported that the economy grew at a surprisingly fast 5.3% annual rate in the first quarter of the year. But while manufacturing and consumer spending were robust in January and February, indicators are less rosy for March. The Shanghai Composite index lost 1.7% to 3,007.07, while the Hang Seng in Hong Kong lost 2.1% to 16,248.97. Tokyo’s Nikkei 225 fell 1.9% to 38,471.20 as the dollar continued to gain against the Japanese yen. In South Korea, the Kospi declined 2.3% to 2,609.63, while Australia’s S&P/ASX 200 fell 1.8% to 7,612.50. On Monday, the S&P 500 tumbled 1.2%, following up on its 1.6% loss from last week. The Dow Jones Industrial Average dropped 0.7% and the Nasdaq composite slumped 1.8%. In the oil market, a barrel of U.S. crude for May delivery slipped 41 cents to $85.00 per barrel. Brent crude shed 34 cents to $89.76 per barrel. This year’s jump in oil prices has been raising worries about a knock-on effect on inflation, which has remained stubbornly high.
https://wnyt.com/us-news/stock-market-today-world-shares-track-slump-on-wall-st-triggered-by-strong-us-spending-data/