The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
When Will It Be Safe To Invest In The Stock Market Again?Wed Apr 19, 2023 6:41 amකිත්සිරි ද සිල්වා
Dividend AnnouncementsWed Apr 12, 2023 5:41 pmකිත්සිරි ද සිල්වා
MAINTENANCE NOTICE / නඩත්තු දැනුම්දීමThu Apr 06, 2023 3:18 pmකිත්සිරි ද සිල්වා
SEYB.N0000 (Seylan Bank PLC)Thu Mar 30, 2023 9:25 amyellow knife
The Korean Way !Wed Mar 29, 2023 7:09 amකිත්සිරි ද සිල්වා
In the Meantime Within Our Shores! Mon Mar 27, 2023 5:51 pmකිත්සිරි ද සිල්වා
What is Known as Dementia?Fri Mar 24, 2023 10:09 amකිත්සිරි ද සිල්වා
SRI LANKA TELECOM PLC (SLTL.N0000)Mon Mar 20, 2023 5:18 pmකිත්සිරි ද සිල්වා
THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)Mon Mar 20, 2023 5:10 pmකිත්සිරි ද සිල්වා
Equinox ( වසන්ත විෂුවය ) !Mon Mar 20, 2023 4:28 pmකිත්සිරි ද සිල්වා
COMB.N0000 (Commercial Bank of Ceylon PLC)Sun Mar 19, 2023 4:11 pmකිත්සිරි ද සිල්වා
REXP.N0000 (Richard Pieris Exports PLC)Sun Mar 19, 2023 4:02 pmකිත්සිරි ද සිල්වා
RICH.N0000 (Richard Pieris and Company PLC)Sun Mar 19, 2023 3:53 pmකිත්සිරි ද සිල්වා
Do You Have Computer Vision Syndrome?Sat Mar 18, 2023 7:36 amකිත්සිරි ද සිල්වා
LAXAPANA BATTERIES PLC (LITE.N0000)Thu Mar 16, 2023 11:23 amකිත්සිරි ද සිල්වා
What a Bank Run ?Wed Mar 15, 2023 5:33 pmකිත්සිරි ද සිල්වා
104 Technical trading experiments by HUNTERWed Mar 15, 2023 4:27 pmkatesmith1304
GLAS.N0000 (Piramal Glass Ceylon PLC)Wed Mar 15, 2023 7:45 amකිත්සිරි ද සිල්වා
Cboe Volatility Index Tue Mar 14, 2023 5:32 pmකිත්සිරි ද සිල්වා
AHPL.N0000Sun Mar 12, 2023 4:46 pmකිත්සිරි ද සිල්වා
TJL.N0000 (Tee Jey Lanka PLC.)Sun Mar 12, 2023 4:43 pmකිත්සිරි ද සිල්වා
CTBL.N0000 ( CEYLON TEA BROKERS PLC)Sun Mar 12, 2023 4:41 pmකිත්සිරි ද සිල්වා
COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))Fri Mar 10, 2023 4:43 pmyellow knife
Bitcoin and Cryptocurrency Fri Mar 10, 2023 1:47 pmකිත්සිරි ද සිල්වා
CSD.N0000 (Seylan Developments PLC)Fri Mar 10, 2023 10:38 amyellow knife
PLC.N0000 (People's Leasing and Finance PLC) Thu Mar 09, 2023 8:02 amකිත්සිරි ද සිල්වා
Bakery Products ?Wed Mar 08, 2023 5:30 pmකිත්සිරි ද සිල්වා
NTB.N0000 (Nations Trust Bank PLC)Sun Mar 05, 2023 7:24 amකිත්සිරි ද සිල්වා
Going South Sat Mar 04, 2023 10:47 amකිත්සිරි ද සිල්වා
When Seagulls Follow the TrawlerThu Mar 02, 2023 10:22 amකිත්සිරි ද සිල්වා
Re-activatingSat Feb 25, 2023 5:12 pmකිත්සිරි ද සිල්වා
SAMP.N0000 (Sampath Bank PLC)Wed Nov 30, 2022 8:24 amකිත්සිරි ද සිල්වා
APLA.N0000 (ACL Plastics PLC)Fri Nov 18, 2022 7:49 amකිත්සිරි ද සිල්වා
AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.Wed Nov 16, 2022 9:28 pmකිත්සිරි ද සිල්වා
Banks, Finance & Insurance Sector ChartTue Nov 15, 2022 5:26 pmකිත්සිරි ද සිල්වා
VPEL.N0000 (Vallibel Power Erathna PLC)Sun Nov 13, 2022 12:15 pmකිත්සිරි ද සිල්වා
DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.Mon Nov 07, 2022 6:36 pmකිත්සිරි ද සිල්වා
WATA - WatawalaSat Nov 05, 2022 8:44 amකිත්සිරි ද සිල්වා
KFP.N0000(Keels Food Products PLC)Sat Nov 05, 2022 8:42 amකිත්සිරි ද සිල්වා
Capital Trust Broker in difficulty?Fri Oct 21, 2022 5:25 pmකිත්සිරි ද සිල්වා
IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?Thu Oct 20, 2022 10:13 amකිත්සිරි ද සිල්වා
What Industry Would You Choose to Focus?Tue Oct 11, 2022 6:39 pmකිත්සිරි ද සිල්වා
Should I Stick Around, or Should I Follow Others' Lead?Tue Oct 11, 2022 9:07 amකිත්සිරි ද සිල්වා
DV-2024 Program: Online RegistrationThu Oct 06, 2022 11:26 amකිත්සිරි ද සිල්වා
Tile - SnapshotWed Sep 28, 2022 12:45 pmකිත්සිරි ද සිල්වා
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
The Invisible
The Invisible
Posts : 3116
Join date : 2016-11-28
Age : 44

Global stocks stumble as Trump attacks Fed Empty Global stocks stumble as Trump attacks Fed

Sat Oct 13, 2018 8:34 am
Message reputation : 100% (1 vote)
AFP - A global stock market downturn worsened Thursday as investors, spooked by a plethora of economic worries, dumped shares that suddenly looked dangerously overvalued.

The extent of European equity falls almost matched the previous day's tumble at the close, while Wall Street followed up its worst session since February with another bruising rout.

Earlier, Asian equity markets also suffered heavy losses.

"Global sentiment remains skittish amid the recent rise in global bond yields, led by Treasuries, as well as concerns about the Fed tightening policy too much despite rising risks," said Charles Schwab analysts.

The declines -- which brought major US indices to their lowest levels in months -- came as President Donald Trump repeatedly castigated the Federal Reserve for lifting interest rates, sparking worry that the US central bank's independence from politics could be compromised.

In the end, Frankfurt, Paris and London all lost at least 1.5 percent, while Tokyo slumped 3.9 percent and Shanghai 5.2 percent.

The Dow's drop of 2.1 percent, or 545 points to 25,052.83, took its losses for the week to more than five percent.

The volatility was not limited to the equity market. Brent oil prices slid 3.4 percent to $80.26 per barrel after OPEC cut its forecast for global oil demand and data showed a big build in US oil supplies.

- Earnings bounce? -

Some stock market watchers had predicted a bounce on Thursday after Wednesday's pullback, Wall Street's worst day since February.

"When we have a recalibration in values, it's not surprising that it takes more than one day," said Art Hogan, chief market strategist at B. Riley FBR. "In these kinds of moves, it usually takes three days to wash out."

Most market viewers saw last week's surge in the yield of the 10-year US Treasury bond as the catalyst for the two-day rout in the US, an unexpectedly fast move higher that raised worries about a sudden acceleration of inflation and more aggressive Federal Reserve interest rate hikes.

Other factors that have given investors cause for worry have included uncertainty about emerging markets, slowing Chinese growth and an emerging fight between Italy and Brussels over budgets.

Analysts are hopeful that upcoming third-quarter earnings season could be a catalyst that rallies the market. Earnings season begins in earnest on Friday with results from JPMorgan Chase and other large banks.

But Hogan said earnings were also a source of worry because they could showcase the consequences of Trump's trade wars for US companies, from raising costs of raw materials to forcing enterprises to change supply chains.

"The larger concerns we have are about what companies have to say about the US and China," Hogan said. "I think there's less of a belief that we're getting close to a resolution with China."

- Key figures around 2100 GMT -

New York - Dow Jones: DOWN 2.1 percent at 25,052.83 (close)

New York - S&P 500: DOWN 2.1 percent at 2,728.37 (close)

New York - Nasdaq: DOWN 1.3 percent at 7,329.06 (close)

London - FTSE 100: DOWN 1.9 percent at 7,006.93 (close)

Paris - CAC 40: DOWN 1.9 percent at 5,106.37 (close)

Frankfurt - DAX 30: DOWN 1.5 percent at 11,539.35 (close)

EURO STOXX 50: DOWN 1.8 percent at 3,209.19 (close)

Hong Kong - Hang Seng: DOWN 3.5 percent at 25,266.37 (close)

Shanghai - Composite: DOWN 5.2 percent at 2,583.46 (close)

Tokyo - Nikkei 225: DOWN 3.9 percent at 22,590.86 (close)

Euro/dollar: UP at $1.1595 from $1.1520 at 2100 GMT on Wednesday

Pound/dollar: UP at $1.3236 from $1.3197

Dollar/yen: DOWN at 112.07 from 112.27 yen

Oil - Brent Crude: DOWN $2.83 at $80.26 per barrel

Oil - West Texas Intermediate: DOWN $2.20 at $70.97 per barrel
avatar
serene
Top contributor
Top contributor
Posts : 4850
Join date : 2014-02-26

Global stocks stumble as Trump attacks Fed Empty Re: Global stocks stumble as Trump attacks Fed

Mon Oct 15, 2018 7:39 am
Thanks Invinsible. Hope Trumpet think about global rather than only USE.
The Invisible
The Invisible
Posts : 3116
Join date : 2016-11-28
Age : 44

Global stocks stumble as Trump attacks Fed Empty Re: Global stocks stumble as Trump attacks Fed

Mon Oct 15, 2018 9:29 am
I believe Trump has some economic sense.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum