Global Stock Markets Face Green

The global stock market fell for the third consecutive day. The US non-farm payrolls data in April was better than expected, but it became a resistance to the rebound of the broader market. The market expected that the US Federal Reserve (Fed) may accelerate interest rate hikes. Affected by the bad news, U.S. stocks fell sharply before the market on Monday (9th), and European stocks fell synchronously at the opening.

According to the “CNBC” real-time stock market, on Monday (9th), the Dow Jones futures fell 434 points or 1.32%; the S&P 500 futures fell 66.5 points or 1.61%; Nasda Gram 100 futures fell 249.25 points or 1.96%.

Meanwhile, Britain’s FTSE 100 fell 87.94 points or 1.19%; Germany’s DAX fell 128.24 points or 0.94%; France’s CAC40 fell 90.02 points or 1.44%; the STOXX index, which includes 600 European companies, fell 6.06 points or 1.41% .

Affected by the global economic recession that may curb oil demand, and the fact that the West may not impose sanctions on Russian oil as expected, international oil prices fell. At the same time, Brent crude oil futures fell 2.74% to temporarily report $1,010.16 per barrel; the United States West Texas crude oil futures fell 2.86% to temporarily settle at $107.42 a barrel.

At the same time, the U.S. 10-year government bond yield continued to exceed 3%, temporarily reported 3.189%, a new high in more than 3 years; the safe-haven gold, which was affected by the Fed’s interest rate hike, suppressed its prospects and remained below $1,900, and the price of gold weakened. An ounce was temporarily quoted at $1,858.91.

 

Reviewer overview

Global Stock Markets Face Green - /10

Summary

The global stock market fell for the third consecutive day. The US non-farm payrolls data in April was better than expected, but it became a resistance to the rebound of the broader market. The market expected that the US Federal Reserve (Fed) may accelerate interest rate hikes.

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