LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Global Markets: Trade worries extend equities' slide into new quarter

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Mon, Jul 02, 2018
11:16 pm
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

The worst start to a year for world shares since 2010 continued into the third quarter on Monday, with another slump in Chinese shares and weakening global factory surveys leading global equity markets lower.

Shanghai’s "bear" market lurch had continued overnight, with losses of up to 3 percent as firms await U.S. tariffs on $34 billion worth of goods from China this week, and new business surveys showed some worrying signs of deterioration.

The STOXX 600 index of European shares fell 0.7 percent and the euro slid 0.5 percent to $1.1630 as differences over immigration threatened Angela Merkel`s German coalition government.

On Wall Street, the Dow Jones Industrial Average dropped 63 points, or 0.26 percent, to 24,208.28 in mid-morning trading, while the S&P 500 fell 4.6 points, or 0.17 percent, to 2,713.77. The tech-heavy Nasdaq rose 2.27 points, or less than 0.1 percent.

The trade strains were compounded by an EU threat to hit the United States with retaliatory tariffs, lingering concerns over President Donald Trump`s dislike for the World Trade Organization, and by data showing the weakest euro zone manufacturing growth in 18 months.

"There`s not a lot of good news for markets to start the week," said Scott Brown, chief economist at Raymond James.

All the concerns meant more demand for safe-haven bonds, sending yields for U.S. Treasuries and German Bund slightly lower.

Concerns over trade tariffs helped sink Japan`s Nikkei 2.2 percent to an 11-week low, with a survey of manufacturers showing sentiment deteriorating in the face of trade war threats.

A new report from Oxford Economics warned that tariff threats, if realized, would extend high tariffs to over 4 percent of world imports – a more than tenfold rise versus the 0.3 percent of imports hit by the new tariffs imposed so far.

"The threat to world growth is significant" it said. "In a scenario of escalating tariffs, our modeling suggests world GDP could be cut by up to 0.4 percentage points in 2019."

In currency markets, the euro was knocked back on reports German Interior Minister Horst Seehofer had rejected a migration deal Merkel negotiated at an EU summit on Friday.

The Mexican peso see-sawed after leftist Andres Manuel Lopez Obrador won a decisive victory for president.

Dealers said the clear win might settle one source of political uncertainty, but Obrador was also expected to sharpen Mexican divisions with Trump.

Oil prices fell, reversing course from last week as supplies from Saudi Arabia and Russia rose while economic growth stumbled in Asia.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Hurun Global Rich List 2021: These Indians are in billionaires' club - Check names, rankings

PayPal plans to hire over 1K engineers in India

Renault begins commercial sales of SUV Kiger; delivers over 1,100 units on first day

MPSC Prelims admit card 2021 released on mpsc.gov.in-Download it in 4 easy steps

Stocks in Focus on March 3: MTAR Technologies IPO, Tata Power, IRCON, Telecom Stocks to Tyre Stocks; here are the 5 Newsmakers of the Day

PayPal to hire over 1,000 engineers for India development centres in 2021

Gujarat Election Result: Another big win for BJP, defeat for Congress! Check latest seats update in local body municipal, panchayat and taluka polls

HC asks Amazon to take down film over actor's defamation case

Sharekhan retains Buy rating on Bharat Electronics Limited (BEL) with a revised price target of Rs 190

Weather Today Latest News: Pleasant morning in Delhi

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved