Stocks suffer from mounting worries over trade, global growth
13 Août, 2019, 20:27 | Auteur: Auguste Feret
Stocks in Argentina plummeted and the Argentinian peso fell sharply following a primary victory for a populist ticket in the nation's presidential elections. The narrowing of the yield curve kept gains in check, as the recession signal emanating from the bond market grew louder.
The Stoxx Europe 600 Index reversed losses sparked by disappointing investor sentiment data in Germany.
Investors were rattled by a Chinese government statement Monday saying mostly nonviolent protests in Hong Kong were "beginning to show the sprouts of terrorism" and were an "existential threat" to the population. Japan's Topix gauge erased this year's gain as it reopened following a long weekend.
The latest sell-off in risk assets provided another reminder of the fragile mood across markets extending the rocky start to August. With the US and China offering no respite to their trade war and a slew of data pointing to slowing global growth, traders will look to this week's euro-zone GDP figures and industrial production reports from both China and America for further clues to the outlook.
Signs of the trade war's impact are growing. Singapore's government cut its forecast for economic growth this year to nearly zero as the trade war dampens the region's most trade-reliant economies. Traders have responded by selling stocks and buying government bonds.
Companies releasing results include China's Tencent, JD.com and Alibaba, Cisco, Brazilian utility Eletrobras, the U.K.'s Prudential, Australia's Telstra, giant retailer Walmart, Nvidia, Swisscom and the Danish brewer Carlsberg.
Wednesday brings data on China retail sales, industrial production and the jobless rate.
The Stoxx Europe 600 Index fell for a third day, dragged down by industrial and banking shares, while contracts on the three major US equity indexes swung between gains and losses.
Ten of the 11 major S&P sectors were in the red, with the S&P 500 financial index shedding 0.85% and leading the losers. The Russell 2000 index of smaller company stocks lost 18.58 points, or 1.2%, to 1,494.46. The euro strengthened to $1.1219 from $1.1207.
The two-year rate rose to 1.6 per cent.
The drop in yields is amplifying worries about the economy; the spread between the two-year and 10-year yields has narrowed to 6 bps after the two-year yield fell 5 bps to 1.58% and the 10-year tumbled 10 bps to 1.64%, not far from an inversion of the 2-10 spread that is widely viewed as a recession indicator. Hong Kong futures dropped more than 1% after regular trading closed Monday.
Gold rose $8.70 to $1,505.30 per ounce, silver rose 14 cents to $17.04 per ounce and copper was unchanged at $2.58 per pound.
Benchmark crude oil rose 43 cents to settle at $54.93 a barrel.
The dollar fell to 105.27 Japanese yen from 105.57 yen on Friday.
-With assistance from Katherine Greifeld, Andreea Papuc and Todd White.
Tehran responded to the move in tit-for-tat fashion, detaining a British-flagged tanker in the Strait of Hormuz two weeks later. Gibraltar said on Tuesday it was seeking to de-escalate issues arising with Iran since the detention.
After resuscitation was performed by a member of the public, the paper reports that vital signs were restored. The Department of Foreign Affairs says it is aware of the case and is providing consular assistance.
Le club s'en est aperçu au moment d'organiser le dernier match de préparation avant la reprise de la Ligue 1 . Aucun préjudice n'a finalement été déploré car les mouvements d'argent ont été bloqués à temps .
The man driving that auto , an Uber driver, later told the Morning Herald he hit the gas to get the suspect off his roof. The man fell to the ground when the auto moved and he was confronted by a person holding a chair, the video showed.
Around an hour after the opening bell on Wall Street, the Dow Jones Industrial Average was up 1.76 percent, adding 456.25 points. Only the defensive real estate and utilities sectors posted small losses.
Post-retirement, Moody became the director of cricket in Worcestershire before becoming the Sri Lankan national coach in 2005. Former team manager Lalchand Rajput has also thrown his hat in the ring for the job of the Indian cricket team's head coach.
On Tuesday, at the Court of Session in Edinburgh, Judge Raymond Doherty said a substantive hearing should take place September 6. The bill also required further votes if the Government pursued leaving the European Union without an agreement.
Love Island's Maura: "I've always been misjudged"
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Le Bayern officialise l'arrivée de Perisic — Mercato
Avec les départs en fin de contrat de Franck Ribéry et Arjen Robben , le Bayern Munich est en quête de renfort au poste d'ailier. Avant de rejoindre l'Inter Milan , le joueur formé à Sochaux a évolué au Borussia Dortmund et au VfL Wolfsburg.
"Je suis déçu de ne pas avoir marqué " — PSG-Sarabia
Pouvoir jouer dans ce grand club et voir que tout va bien pour moi, c'est une double raison d'être très heureux. Titulaire face à Rennes et Nîmes, l'Espagnol monte en puissance et semble déjà adapté au PSG .
Rupture du ligament croisé confirmée pour Coco — FCN
Je suis certain qu'il reviendra plus fort " a indiqué le directeur général délégué Franck Kita sur le site officiel des Canaris. Nantes a confirmé ce mardi les craintes concernant la blessure de Marcus Coco à Lille, dimanche.
Tarantino defends portrayal of Bruce Lee in new film
The biography Tarantino references is titled "Bruce Lee: The Man Only I Knew", which Lee's widow, Linda Lee, published in 1978. The famed director went on to explain that Cliif could beat up Bruce Lee because Cliff was, well, a fictional character.