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
CSE Daylight Robbery !Mon Sep 21, 2020 9:54 pmYin-Yang
Trading Journal Tue Sep 15, 2020 10:37 pmThe Invisible
AEL Access EngineeringTue Sep 15, 2020 7:24 pmsmallville
CFVF - First CapitalWed Sep 09, 2020 9:42 pmWonderer
DIPD.N0000 (Dipped Products PLC)Mon Sep 07, 2020 8:47 amBeta
Plantation Sector UpdatesMon Aug 24, 2020 10:00 amserene
අනං මනං! #/+?.<>Tue Aug 18, 2020 11:15 pmYin-Yang
Dividend AnnouncementsMon Aug 17, 2020 1:27 pmRana
Ceylon Tobacco CTCSun Aug 16, 2020 5:11 pmThe Invisible
Sunshine HoldingsFri Aug 14, 2020 9:39 pmThe Invisible
HAYC - HaycarbFri Aug 14, 2020 10:15 amBeta
Tokyo CementThu Aug 13, 2020 11:45 pmThe Invisible
LOLC HoldingsWed Aug 12, 2020 3:52 pmThe Invisible
SLTL.NWed Aug 12, 2020 11:06 amThe Invisible
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 : 2665
Join date : 2016-11-28
Age : 41

Global stocks mostly fall as Fed signals more US rate hikes ahead Empty Global stocks mostly fall as Fed signals more US rate hikes ahead

on Thu Oct 18, 2018 7:44 am
Message reputation : 100% (1 vote)
AFP - Global stocks finished mostly lower on Wednesday amid lingering doubts about US interest rates and little sign of progress on talks in Britain's contentious divorce from the EU.

The weakness across the US and Europe suggested that the market had not shaken the doubts over higher interest rates and trade war fallout that led to last week's sell-off, in spite of Tuesday's strong session on both sides of the Atlantic.

Minutes from the Federal Reserve's meeting last month confirmed most policy makers expected more gradual interest rate hikes.

Further rate hikes "would most likely be consistent" with the current period of firming inflation and historically low unemployment, they said.

On the other hand, while risks were "roughly balanced," some Fed members said instability in emerging economies -- many of which are heavily indebted and vulnerable when US rates rise -- could "spread more broadly through the global economy and financial markets."

Brian Battle, director at the Performance Trust Capital Partners, predicted the markets would stay brittle as central banks exit a period of extraordinary low interest rates and monetary stimulus.

"As this policy begins to reverse, it is going to be destabilizing," Battle said. "There will be days where we sell off 500 and then recover 500, then sell off 250 and recover 250."

The S&P 500 finished the day only modestly lower, but the Dow was hit by a 7.6 percent slide in IBM shares after the technology giant reported a drop of two percent in third-quarter revenues to $18.8 billion, below analyst expectations.

- Still no Brexit breakthrough -

Paris, London and Frankfurt all fell as EU officials shrugged off British Prime Minister Theresa May's speech to Brussels summit attendees, seeing little movement in the British side on the impasse over the fate of the Irish border.

Antonio Tajani, the president of the European Parliament, said May offered them "nothing substantially new" to discuss when they retired for dinner afterwards without her.

EU negotiator Michel Barnier signaled he was willing to add a year to the 21-month post Brexit transition period -- taking it to the end of 2021.

Oil prices fell sharply after a US inventory report showed a big increase in oil supplies. The decline came despite continued scrutiny on Saudi Arabia over the disappearance of journalist Jamal Khashoggi.

Earlier, Tokyo's Nikkei jumped 1.3 percent as the Japanese index rode the positive momentum from the prior day's session on Wall Street.

- Key figures around 2100 GMT -

New York - Dow Jones: DOWN 0.4 percent at 25,706.68 (close)

New York - S&P 500: DOWN less than 0.1 percent at 2,809.21 (close)

New York - Nasdaq: DOWN less than 0.1 percent at 7,642.70 (close)

London - FTSE 100: DOWN 0.1 percent at 7,059.40 (close)

Frankfurt - DAX 30: DOWN 0.5 percent at 11,715.03 (close)

Paris - CAC 40: DOWN 0.5 percent at 5,144.95 (close)

EURO STOXX 50: DOWN 0.4 percent at 3,243.08 (close)

Tokyo - Nikkei 225: UP 1.3 percent at 22,841.12 (close)

Shanghai - Composite: UP 0.6 percent at 2,561.61 (close)

Hong Kong - Hang Seng: Closed for a public holiday

Euro/dollar: DOWN at $1.1501 from $1.1574

Pound/dollar: DOWN at $1.3117 from $1.3181

Dollar/yen: UP at 112.59 from 112.25 yen

Oil - Brent Crude: DOWN $1.36 at $80.05 per barrel

Oil - West Texas Intermediate: DOWN $2.17 at $69.75 per barrel
Back to top
Permissions in this forum:
You cannot reply to topics in this forum