Global Financial Updates Today!
US
US equities were down amid strength in US labor data fueled expectations of a December US rate hike. The selldown was made worse by low in commodity prices and energy stocks. The Dow Jones Industrial Average (INDEXDJX:.DJI) dropped 254.15 points, or 1.44%, to close at 17,448.07. The S&P 500 (INDEXSP:.INX) shed 29.03 points, or 1.40%, to close at 2,045.97. The Nasdaq composite (INDEXNASDAQ:.IXIC) lost 61.94 points, or 1.22 percent, to 5,006.
Europe
European equities were mostly down due to low corporate earnings. However, ECB President Mario Draghi remains positive that the eurozone could still need further economic stimulus to stave off deflation. London’s FTSE lost 118.52 points or 1.88%, to 6,179.
French CAC 40 shed 95.86 points, or 1.94%, to 4,857.
German DAX retreated by 125.24 points or 1.15%, to 10,783.
Asian Market
Hong Kong’s Hang Seng index up by 536.75 points or 2.4% to 22,889 driven by a positive look on establishing a trading link with its mainland neighbor exchange before end of this year. Shanghai composite index lost 17.35 points or 0.48%, to 3,633 were dragged by its financial sector as October loan growth fell to its 15-month lowest. Japanese Nikkei rose a slight 6.38 points or 0.03%, to 19,698.
References
Bloomberg, International Business Times, CNN, Dow Jones, PDI
