brytfmonline

Complete News World

Europe with its worst semester since 2008. Wall Street makes strides in worst semester in 50 years - Markets in a Minute

Europe with its worst semester since 2008. Wall Street makes strides in worst semester in 50 years – Markets in a Minute

Europa is indicated by the color red. China records the smallest waterfalls in Asia in the negative zone

Major markets in Western Europe are signaling the start of trading in negative territory, after a night in which Asian markets ended the session with a general bearish trend. On Wednesday, Wall Street also ended the session below zero.

In Asia, the general decline in the region’s major indices was largely explained by cutbacks from tech companies, which posted the biggest losses, at a time when investors remain concerned about a more aggressive monetary policy by the northern central bank. An American, the Federal Reserve, to control the rising inflation. Alibaba lost 1.48%, Tencent 2% and TSMC 3.05%.

China’s two main indexes, the Shanghai Composite (1.3%) and the Hang Seng (-0.32%), ended the day mixed, while still benefiting from the government’s reduction of the quarantine period for foreign visitors. Country – Shares related to travel, tourism and hotels have risen significantly since Tuesday, the date of the reduction announcement.

In addition, data was released on Wednesday showing positive economic developments in the country, with the services and construction sectors showing a strong recovery.

The futures contract for the old continent’s benchmark index, the Stoxx 600, lost 1.1%.

In the remaining Asian markets, in Japan, Topix lost 1.2% and Nikkei lost 1.5%. In South Korea, Kospi posted a 1% decrease.

This Thursday is the last day of June and thus marks the end of the first semester and the end of the second quarter. In Asia, the stock market lost about 12% this quarter, the worst since March 2020, in the early period of the pandemic. Stocks in the region struggled to recover from May, with concerns that higher interest rates in the United States would hamper the resurgence of the Chinese economy.

See also  Starbucks decides to leave Russia and pay workers six months' salaries | war in ukraine

This Thursday, investors will still be interested in the Eurozone unemployment figures. In April, the rate remained at 6.8%, in line with market expectations.