LONDON — Worries over the timing of a U.S. rate hike, economic weakness in China and an impending referendum on Scottish independence kept a lid on global stock markets Wednesday.
KEEPING SCORE: In Europe, France's CAC-40 was flat at 4,452 while Germany's DAX fell 0.1 percent at 9,701. The FTSE 100 of leading British shares was steady at 6,831. Wall Street looked set for a flat opening, with Dow futures and the broader S&P 500 futures down 0.1 percent. On Tuesday, the Dow suffered its biggest one-day decline in a month.
THE FED: Investors are looking more closely at the U.S. Federal Reserve and whether it might raise its benchmark interest rate sooner than expected. In a paper this week, two San Francisco Fed economists said the public appears to expect a "more accommodative policy" than Fed board members.
ANALYST TAKE: "The unwelcome specter of interest rate rises hangs over markets," said Chris Beauchamp, market analyst at IG.
CHINA'S STRUGGLE: Investors are also a bit concerned about China's economy amid signs that growth is under pressure. Figures showed manufacturing activity decelerated in August and imports unexpectedly shrank by 2.4 percent in a reflection of sluggish domestic demand. The top economic official, Premier Li Keqiang, said Tuesday that growth was still on track despite "short-term fluctuations," according to the official Xinhua News Agency.
ASIA'S DAY: China's Shanghai Composite Index declined 0.3 percent to 2,318.31 and Sydney's S&P/ASX 200 lost 0.6 percent to 5,574.30. India's Sensex shed 0.6 percent to 27,097.57. Hong Kong's Hang Seng fell 1.9 percent to 24,705.36 and Southeast Asian markets also fell. Tokyo was the only major market to buck the trend, with its Nikkei 225 rising 0.3 percent to 15,788.78 as the dollar hit a fresh six-year high against the yen.
BREAK-UP JITTERS: British markets will also continue to be in focus over the coming week as investors are unnerved by the possibility that Scotland back independence from the United Kingdom in a referendum next week. Secession could hit Britain's trade balance and dent its income from oil reserves that could revert back to Scotland. The pound remains under pressure and on Wednesday fell to $1.6052, its lowest level in ten months.
CURRENCIES: Elsewhere in the currency markets, the euro was down 0.1 percent on the day at $1.2921 while the dollar rose 0.5 percent to 106.73 yen.
ENERGY: Benchmark U.S. crude was off 3 cents at $92.72 in electronic trading on the New York Mercantile Exchange amid expectations of ample supplies and weak demand that have pushed prices down in recent days.
Anda sedang membaca artikel tentang
Growth worries, Fed jitters weigh on markets
Dengan url
http://terakhirjaman.blogspot.com/2014/09/growth-worries-fed-jitters-weigh-on.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Growth worries, Fed jitters weigh on markets
namun jangan lupa untuk meletakkan link
Growth worries, Fed jitters weigh on markets
sebagai sumbernya
0 komentar:
Posting Komentar