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Global markets fall on Tuesday

by | 30 Jan, 2018

Nordstrom Kohl's Target Macys

Top indices are dropping

World markets fell today following a disappointing performance on Wall Street last night, where the S&P500 and Dow Jones both closed 0.7 per cent lower despite finishing at record highs last Friday.

An international sell-off in government bond markets is having an impact on equity indices, which are heading downwards as bond yields in the U.S. and Germany traded below yesterday’s levels.

U.S stock futures are also lower ahead of the State of the Union address this evening from President Trump.

In Asia the Nikkei 225 nursed the heavy losses, down 1.43 per cent or 337 points, while the NIFTY50 lost 70 points and the KOSPI shed 30 points alongside other falling indices in China, Hong Kong and Australia. The TOPIX index in Japan lost 1.2 per cent – its biggest fall this year.

In Europe the picture was similar. The FTSE100 was down 40 points, the DAX by 65 points, the CAC40 by 18 points and the FTSE MIB down 115 points at the time of writing.

Brent Crude oil also faltered somewhat, pulling back to $69.31 despite having peaked above $71.23 last Wednesday. Gold was an upward mover however, touching highs above $1,344.39 per ounce.

Despite today’s dips, the flurry of earnings releases on Wall Street continues. Key American indices will see fresh results from many important constituents (stocks in the index) this week. Over 100 S&P500 companies will be releasing results including tech heavyweights like Google, Facebook and Apple, so keep an eye on your calendar in the app!

Related: Hot stocks to watch for 2018

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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