European stock markets were mostly lower on Tuesday, 06 December 2022, following declines on Wall Street overnight, as stronger-than-expected US economic data reinforced the belief among investors that the Federal Reserve might stick longer with aggressive interest rate rises. At 11:55 GMT, the pan European Stoxx 600 index was down 0.35% to 440.10. The U.K.s FTSE 100 index fell 0.32% to 7,543.40. Frances CAC 40 […]
The Singapore stock market finished session lower on Tuesday, 06 December 2022, joining regional decline, as concerns over a hawkish Federal Reserve amplified by stronger-than-expected economic data. Data released on Monday showed U.S. services industry activity unexpectedly picked up in November following a robust U.S. payrolls report published Friday – all of which raised doubts over whether the Fed would continue raising interest rates decisively. […]
Crude oil slipped today amid mostly weak equities. Asian stocks saw muted trades amid lack of major economic cues and negative overnight leads from the US markets. European markets witnessed modest losses today. The US stocks fell on lingering uncertainty about the outlook for interest rates. The Dow slumped 1.4 percent, the Nasdaq lost 1.9 percent and the S&P 500 tumbled 1.8 percent to 3,998.84. […]
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