Caspian Energy Journal Caspian European Club
Wednesday, 26 December 2018 11:00

Stocks under a cloud

Stocks under a cloud

Global stock markets headed into the year-end under a heavy cloud after another rout this week as U.S. political uncertainty added to heightened concerns over slowing global economic growth, Caspian Energy News ( reports with reference to Reuters.

Asian equities were shaky on Wednesday following a Christmas eve Wall Street plunge, as investors were unnerved by U.S. political developments including a U.S. federal government shutdown and President Donald Trump’s hostile stance toward the Federal Reserve chairman.

U.S. Treasury Secretary Steven Mnuchin had also raised market concerns by convening a crisis group amid the pullback in stocks.

S&P 500 emini futures moved in and out of the red and were last down 0.1 percent, pointing toward a subdued start for Wall Street when the U.S. market reopens after Christmas Day, when many of the world’s financial markets were shut.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.15 percent.

The Shanghai Composite Index inched down 0.1 percent while South Korea’s KOSPI shed more than 1 percent.

Japan’s Nikkei bounced 0.75 percent after diving 5 percent the previous day to a 20-month low and slipping into bear market territory.

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Person in charge of the newsline: Olga Nagiyeva 

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