Equities: global indices under pressure – Deutsche Bank
Deutsche Bank notes a broad setback in global equities, with the S&P 500, NASDAQ and Russell 2000 all posting notable declines despite stronger growth data.
Recent global equity markets have been experiencing a significant downturn, with major indices such as the S&P 500, NASDAQ, and Russell 2000 all posting notable declines. Despite the release of positive economic growth data, investor sentiment remains cautious. European stock markets, including the STOXX 600, DAX, and CAC 40, have also seen a retreat, while Asian markets like Hang Seng, CSI 300, Shanghai Comp, and S&P/ASX 200 have weakened.
Only the Nikkei showed an advance, likely due to a catch-up effect following recent closures. This widespread market pressure has caused the S&P 500 to drop its largest percentage in a month, with all major sector groups, except for energy, experiencing losses. The NASDAQ and Russell 2000 also saw significant declines. Similarly, European markets faced a pullback, with the STOXX 600, DAX, and CAC 40 declining.
Asian markets, on the other hand, saw a more pronounced drop, with the Hang Seng, CSI 300, Shanghai Comp, and S&P/ASX 200 all experiencing losses. The main exception was the Nikkei, which gained 0.94% as a catch-up following its three-day closure. The current market turmoil is further exacerbated by the ongoing US-China trade tensions and expectations for a major announcement during the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
