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: World stock markets fall, trade fears and rate hikes worries weigh

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Sat, Sep 08, 2018
12:45 am
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

World share indexes limped towards their worst week in almost six months on Friday and trading was volatile as investors weighed solid economic data against expectations for interest rate hikes and escalating U.S.-China trade tensions.

U.S. job growth accelerated in August and wages notched their largest annual increase in more than nine years, cementing expectations for a third U.S. Federal Reserve interest rate hike for the year in late September.

The U.S. dollar was boosted by the jobs growth numbers, but gains were checked by trade war fears as U.S. President Donald Trump said he could hit China with more tariffs.

After opening lower and turning positive about an hour into trading, the S&P 500 reversed course early in the afternoon after Trump threatened tariffs on a further $267 billion worth of Chinese imports while the world was still waiting to hear whether he would impose levies on $200 billion worth of goods.

Just before Trump`s comments, investors had been feeling a "little better" about the trade situation as White House economic adviser Larry Kudlow said Trump would not decide on China tariffs before officials evaluate public comments on them.

"It`s not that we have good policies or bad policies, it`s that we don`t know what the policy is. It`s very fickle," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.

China has warned of retaliation if Washington launches any new measures.

The Dow Jones Industrial Average <.dji> fell 40.97 points, or 0.16 percent, to 25,954.9, the S&P 500 <.spx> lost 2.09 points, or 0.07 percent, to 2,875.96 and the Nasdaq Composite <.ixic> was down 5.3 points or 0.07 percent at 7917.25.

The pan-European FTSEurofirst 300 index <.fteu3> rose 0.05 percent and MSCI`s gauge of stocks across the globe <.miwd00000pus> shed 0.20 percent.

Emerging market stocks rose 0.27 percent. MSCI`s broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> closed 0.33 percent lower hitting a 14-month low during the session.

The dollar index <.dxy> rose 0.36 percent, with the euro down 0.49 percent to $1.1564.

The dollar was boosted by U.S. job growth data but uncertainty over the U.S.-Chinese trade conflict held gains in check.

U.S. benchmark Treasury yields rose to their highest levels in almost a month after the higher-than-expected increase in wages raised expectations of higher inflation.

Benchmark 10-year notes last fell 18/32 in price to yield 2.9424 percent compared with 2.877 percent late on Thursday.

Oil prices were under pressure from a strong dollar, weakness in the equity markets, and Tropical Storm Gordon`s smaller-than-expected impact on U.S. Gulf Coast oil production.

U.S. crude rose 0.04 percent to $67.80 per barrel and Brent was last at $76.95, up 0.59 percent on the day.2.877

(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

West Bengal Elections: Meaning of Lokkho Sonar Bangla campaign? Its benefits for Bengalis? Decoded and explained

PNB Scam: Big win for India; serious setback for Nirav Modi as he loses extradition fight

Central government employees, pensioners? How this FM Nirmala Sitharaman latest news today may impact you | EXPLAINED

Modi government PM-KISAN scheme: Ensuring life of dignity, prosperity for farmers with intent to double their income

Gold declines Rs 358; silver up Rs 151

Nureca listing today: Share price shoots up, lists at Rs 615, gives stellar returns to retail investors

LPG gas subsidy status: How to check cooking gas subsidy online in bank account, all you need know

Big shift in AC consumption during the corona pandemic: Voltas survey

CBSE class 10 Syllabus reduced in this subject: Attention students! CBSE board exam 2021 syllabus has been cut for social science subject; Know how to download

Naandhi Box Office Collections Worldwide: Shouting success! Blockbuster justice! Allari Naresh says thanks to fans for so much love

  • 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