Continued Energy Slump Weighs On Market Sentiment
IFC Markets | Jun 22, 2017 07:55AM ET
Nasdaq rises while S&P 500 and Dow slide
US stocks continued the slide on Wednesday as losses in energy shares outweighed gains in healthcare and technology sectors. The dollar pulled back: the CAC 40 ended 0.4% lower and UK’s FTSE 100 index slid 0.3% to 7447.79.
Asian stocks mixed
Asian stock indices are mixed today. Nikkei ended 0.1 % lower at 20110.51 reversing early gains as the dollar slide against the yen continued. Chinese stocks pull back following gains Wednesday after MSCI agreed to include China’s 220 A-shares in its popular emerging-markets index. The Shanghai Composite Index is 0.3% lower while Hong Kong’s Hang Seng Index is up 0.01%. Australia’s All Ordinaries Index is 0.7% higher as the Australian dollar is little changed against the US dollar. The Reserve Bank of New Zealand left the interest rate at 1.75% as it maintained a neutral policy stance as widely expected.
Nasdaq slides on US output rise
Oil futures prices are lower today on persistent concerns global supply glut is not ebbing despite OPEC’s output cut deal. Prices ended lower yesterday after the Energy Information Administration report US domestic crude production rose while inventories fell. The EIA reported US crude supplies fell 2.5 million barrels last week while domestic production climbed 20000 barrels a day. August Brent crude fell 2.6% to $44.82 a barrel on Wednesday on London’s ICE Futures exchange.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.