Most of the global stock markets tumbled on Tuesday, following Wall Street the day before, weighed by profit taking and monetary policy concerns.
On Wall Street, around 7.15 AM, futures Standard & Poor’s 500 He lost 18 points to reach 4,137 points Dow Jones It resulted in 134 points to 33,824 points, and that for Nasdaq It decreased by 53 points to 13,842 points.
In Europe, the markets were lower in the middle of the session. in London , FTSE 100 Index And it decreased 86 points to 6,929 points. In Paris , CAC 40 He lost 90 points to 6,217 points and in Frankfurt Dax It decreased 137 points to 15,260 points.
Asian markets also fell. Tokyo Decreased 1.97%, Shanghai 0.13% while Hong Kong For semi-stable (+ 0.10%) purposes.
After record numbers on Friday, Wall Street closed lower on Monday.
Investors can no longer hope to open currency locks forever. Sooner or later, the debate about withdrawing pandemic support should also start in Frankfurt (the headquarters of the European Central Bank). Yoshin Stanzel, analyst at CMC Markets, said that some investors fear it will start this week.
The European Central Bank (ECB) will hold its Eurozone monetary policy meeting on Thursday, but after the slight rise in bond interest rates on Monday, it may decide to lower its support for the economy.
The US markets have also been affected by investor fear that we may find ourselves in a frenzied market area, according to John Blassard, head of investment at Mirabaud.
In this season of corporate earnings “Given current stock prices, investors are expecting companies to live up to expectations to justify the positive trend despite inflated stock prices,” adds Epik Ozkardskaya, Swiss Quote analyst.
As for the indicators, the UK saw its unemployment rate drop 0.1 point to 4.9% for the December-February period. However, these figures do not show an effective improvement in the labor market, as a decrease in the employment rate has been observed over a period of one year and more than three months.
As for the results of publications dryAnd the Johnson & JohnsonAnd the Procter & Gamble Company And the Netflix It is expected during the day.
On the oil side
Around 7:30 a.m., a barrel was West Texas Intermediate The US dollar rose 0.03% to $ 63.40 a barrel Brent North Sea shares rose 0.22% to $ 67.20.