Global Markets Face Downturn
Updated
Global markets are experiencing a decline, with early indications suggesting that Wall Street may open lower. The Dow futures are down 129.00 points, the S&P 500 futures are declining by 19.50 points, and the Nasdaq 100 futures are sliding by 82.75 points as of 8:00 am ET.
On Monday, the major US stock indexes mostly finished higher, with the Nasdaq gaining 0.7 percent, the S&P 500 inching up slightly, and the Dow slipping by 0.2 percent.
Today, the Labor Department will release the Job Openings and Labor Turnover Survey (JOLTS) report for August, which could be a significant event. The consensus is for 8.75 million job openings, slightly lower than July's figure.
Asian stocks also fell sharply today, with Hong Kong's Hang Seng index tumbling by 2.69 percent. Chinese markets remained closed for the holidays, and Japanese shares also declined.
Australian markets dropped after the Reserve Bank of Australia kept interest rates steady but highlighted the possibility of further policy tightening to control inflation.
European shares are also trading negatively, with France's CAC 40, Germany's DAX, England's FTSE 100, and the Swiss Market Index all declining. The Euro Stoxx 50, which represents leading companies in the Eurozone, is also down.
Additionally, there will be a 52-week Treasury bill auction held later today.
On Monday, the major US stock indexes mostly finished higher, with the Nasdaq gaining 0.7 percent, the S&P 500 inching up slightly, and the Dow slipping by 0.2 percent.
Today, the Labor Department will release the Job Openings and Labor Turnover Survey (JOLTS) report for August, which could be a significant event. The consensus is for 8.75 million job openings, slightly lower than July's figure.
Asian stocks also fell sharply today, with Hong Kong's Hang Seng index tumbling by 2.69 percent. Chinese markets remained closed for the holidays, and Japanese shares also declined.
Australian markets dropped after the Reserve Bank of Australia kept interest rates steady but highlighted the possibility of further policy tightening to control inflation.
European shares are also trading negatively, with France's CAC 40, Germany's DAX, England's FTSE 100, and the Swiss Market Index all declining. The Euro Stoxx 50, which represents leading companies in the Eurozone, is also down.
Additionally, there will be a 52-week Treasury bill auction held later today.
Note
The analysis is still following the right trend
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