Sunday , April 11 2021

Brace yourself – the global system in stocks is getting worse



US stocks rejected Tuesday as plumbing oil prices hit energy companies, technology hardware continued to join Apple Inc. leading the way, and retailers saw a bit of joy from the next Christmas shopping season. Advanced treasures with dollar and gold fell.

All large benchmarks down more than 1.5 per cent. The S & P 500 Index slides short by 10 percent lower than the September record close before closing a little above the threshold. The Nasdaq Comprehensive Index was almost 14 percent lower than the closing end that arrived in August. And Dow Jones's Industrial Average Sied is more than 500 points, or 2.1 percent, spread across global equity markets.

"The fact that we have not seen rapid bounce or hard bounce shows that the market is exploring where prices should be," Brad McMillan, chief investment officer for the Commonwealth Financial Network. "But hopefully it's a sign that we're just starting to find the bottom here."

Investors pointed out to increase trade tensions, signs of increasing slowdown in growth and retail cranes in the credit market as reasons for the decline. Hardware was the worst performing group in the S & P 500, followed by transport and energy as sliding oil to the lowest price was more than one year. Nasdaq 100 Index decreased as much as 3 per cent early in the session but by almost half of the fall during the afternoon.

"There's a clear concern about slowing down global growth," said Alec Young, managing director of global markets in FTSE Russell. "Not so much in the US, but internationally driven. Trade has an impact on the technology supply chain, so it's affecting the technology sector. The market wants to speak more with Dovish Fed. The Fed has been providing guidance based on the US economy, but in the last few months market has more focused on the slowdown of global growth -eang, and we have not heard of that of Fed. "

Here are some equity shifts:

Apple attacked back, down almost 5 percent, bringing a contribution recently to around 24 percent. Target Corp fell 11 percent after sales prospects were disappointed; The Kohl and L Brands Inc. Corp also scored on weak earnings. Pacific Pacific Corp slide 6 percent, its third consecutive decline, while Norfolk Southern Corp and CSX Corp both are lower also. Devon Energy Corp became more than 7 per cent to the lowest since April 2016, and Marathon Oil Corp lost more than 6 percent.

"There are many trade fears, many sales of mega-cap techniques, and it's one of those things that happen when there is a correction," said Dan Miller, an equity director at GW & K Investment. "I have seen this many times ago but there are plenty of things that people are talking about and it has created a lot of fear."

WTI cracking slipped below US $ 54 for the first time since October 2017. In bond markets, the product fell on Doors 10 years to the lowest level since September. A default credit exchange index of top producers of high-quality European products reached the highest in almost two years, indicating nerves renewed for the asset class.

The sale in stock continued a momentum stimulus that started last month, with the latest blast coming from a new concern that Apple iPhones demand has slowed down. At the same time, the Trump administration considers tighter curbs on technology exports, a step that Deutsche Bank AG would say would have "an intense and lasting adverse effect" on links between the United States and China.

And demand for dip-purchase has turned into notice notes. Goldman Sachs recommends that investors hold more money. Ray Dalio, head of Bridgewater Associates, the largest hedge fund company in the world, said investors should expect low earnings for a long time after enjoying years of low interest rates of central bank stimulation.

Coming up

It's a short trading week because of the Thanksgiving holiday in the USA on Thursday. In addition, Black Friday, the day after Thanksgiving, marks the traditional start to the US shopping season.

Here are the main movements in markets:

Stocks

S & P 500 rejected 1.8 per cent to 2,641.89, while Dow Jones Industrial Average reduced 552 points, or 2.2 per cent, to 24,465.64. The European Index of 600 Stoxx moved 1.1 per cent, hitting the lowest since December 2016. The FTSE Index 100% U.S. chose 1.3 per cent. The DAX Index of Germany lost 1.6 per cent, reaching the lowest in almost two years. The MSCI Innovative Market Index fell by 1.7 per cent. MSCI Asia Pacific Index 1.3% Index, which is the biggest drop in two weeks.

Currency currency

The Bloomberg Dollar Bus Index earned 0.5 per cent. The euro dropped 0.8 per cent to US $ 1.1367, the first recession in more than a week. The British pound rejected 0.6 per cent to US $ 1,2783. Japanese lamb rejected 0.1 percent to 112.70 dollar.

Bonds

The product on Doors rejected a 10-point basis point to 3.0537 percent, the lowest since the 10G product of SeptemberGermany dropped two base points to 0.35 percent. The British 10-year product is one of advanced points one to 1.383 per cent.

Goods

Texas West Intermediate 6.1 percent to US $ 53.32 in bargain, the lowest since October 2017. 0.2 per cent amounted to US $ 1,221.95 each.

– With the help of Andreea Papuc and Todd White.

Bloomberg.com


Source link