• English
    • en_USEnglish
    • en_GBEnglish
28 °c
26 ° Tue
26 ° Wed
26 ° Thu
26 ° Fri
Wednesday, June 18, 2025
Asiafreepress
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia
Breaking News
Over 490 Afghan Families Return from Pakistan and Iran in One DayTürkiye denies transmitting intel to Israel from Kurecik radar baseIsrael warns Tehran’s residents will ‘pay the price soon’ as toll rises after Tel Aviv, Haifa attacksTrump willing to work on Kashmir issue, confirms US State DeptLos Angeles mayor declares curfew in downtown amid immigration protests
No Result
View All Result
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia
No Result
View All Result
Asiafreepress
No Result
View All Result
Home Business

European stock markets diverge as rally fades

AFP News Agency by AFP News Agency
August 30, 2023
in Business, News, World
0
European stock markets diverge as rally fades
0
SHARES
21
VIEWS

Europe’s main stock markets diverged Wednesday after a global rally faded.

Approaching the half-way mark, London rose while Frankfurt and Paris fell.

Tokyo closed higher but Shanghai and Hong Kong flattened.

Oil prices climbed as crude-rich Gabon faced a military coup.

Global equities rallied Tuesday after a softer-than-expected report on US job openings soothed fears the Federal Reserve would again hike interest rates.

That weighed on the dollar Wednesday against the euro and pound.

“Signs of America’s cooling economy have raised hopes that the pause button will be pushed on punishing interest rate hikes,” noted Susannah Streeter, head of money and markets at Hargreaves Lansdown.

Wall Street enjoyed one of its best days in months on Tuesday as Amazon and Apple shares rallied.

This was after the Labor Department’s closely followed Job Openings and Labor Turnover Summary (JOLTS) figure fell well short of forecasts.

A separate report revealed consumer confidence falling owing to concerns about jobs, higher rates and lingering inflation.

The readings come before this week’s release of the Fed’s preferred gauge of inflation — the personal consumption expenditures price index — as well as data on non-farm payrolls and factory activity.

Analysts said the JOLTS reading would give monetary policymakers room to hold off on lifting borrowing costs further, having already pushed them to a two-decade high to tame prices.

The cooling of rate expectations helped bring US Treasury yields down and even allowed investors to bring forward bets on a rate cut to June from July, according to Bloomberg News.

“With layoffs estimated to be 8.8 million, it is still around 70 percent above its long-term average, but markets don’t care about that,” said Matthew Simpson at City Index.

“It’s the rate of change that matters. And with job openings falling to a 28-month low, it suggests the labour market is indeed softening.”

Previous Post

Germany arrests suspect over war drone component sales to Russia

Next Post

President of Benin to visit China

AFP News Agency

AFP News Agency

Next Post
President of Benin to visit China

President of Benin to visit China

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
Heroic Tale of a Pakistani SULTAN in 1971 War

Heroic Tale of a Pakistani SULTAN in 1971 War

December 1, 2021
Jammu Genocide: Forgotten human carnage of disputed region

Jammu Genocide: Forgotten human carnage of disputed region

November 6, 2021
Indian forces kill under trial inmate in staged encounter in Kashmir

Indian forces kill under trial inmate in staged encounter in Kashmir

October 26, 2021
Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

November 26, 2021
Jammu Genocide: Forgotten human carnage of disputed region

Jammu Genocide: Forgotten human carnage of disputed region

4
Pakistan summons Indian diplomat over killing of Muslims  in Assam

Pakistan summons Indian diplomat over killing of Muslims in Assam

4
India’s senior army officer booked on rape charges

India’s senior army officer booked on rape charges

3
Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

3
Over 490 Afghan Families Return from Pakistan and Iran in One Day

Over 490 Afghan Families Return from Pakistan and Iran in One Day

June 16, 2025
Türkiye denies transmitting intel to Israel from Kurecik radar base

Türkiye denies transmitting intel to Israel from Kurecik radar base

June 16, 2025
Israel warns Tehran’s residents will ‘pay the price soon’ as toll rises after Tel Aviv, Haifa attacks

Israel warns Tehran’s residents will ‘pay the price soon’ as toll rises after Tel Aviv, Haifa attacks

June 16, 2025
Trump willing to work on Kashmir issue, confirms US State Dept

Trump willing to work on Kashmir issue, confirms US State Dept

June 11, 2025

Recent News

Over 490 Afghan Families Return from Pakistan and Iran in One Day

Over 490 Afghan Families Return from Pakistan and Iran in One Day

June 16, 2025
Türkiye denies transmitting intel to Israel from Kurecik radar base

Türkiye denies transmitting intel to Israel from Kurecik radar base

June 16, 2025
Israel warns Tehran’s residents will ‘pay the price soon’ as toll rises after Tel Aviv, Haifa attacks

Israel warns Tehran’s residents will ‘pay the price soon’ as toll rises after Tel Aviv, Haifa attacks

June 16, 2025
Trump willing to work on Kashmir issue, confirms US State Dept

Trump willing to work on Kashmir issue, confirms US State Dept

June 11, 2025
Asiafreepress

Follow Asia Free Press (AFP) on Twitter, Facebook, Linkedin, Youtube and Instagram for the latest news from China, Pakistan, Afghanistan, India, Kashmir and across Asia.

Follow Us

Photo Gallery

Quick Links

  • Submission Guidelines
  • Privacy Policy
  • About Us
  • Contact Us

Stay in Touch

To be updated with all the latest news, offers, and special announcements.

No Result
View All Result
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia

en_USEnglish (United States)
en_GBEnglish (UK) en_USEnglish (United States)