Stocks in Europe ended lower Monday, as investors cautiously approached the final full week of trading in 2018 ahead of the Christmas break. The Stoxx Europe 600 fell 1.14% to close at 343.26. Germany’s DAX 30 fell 0.86% to 10,772.20. While France’s CAC shed 1.11% to 4,799.87 and the U.K.’s FTSE 100 declined 1.05% to end at 6,773.24.
U.S. Stocks tanked on Monday, pushing the S&P 500 to a new low for the year amid growing concerns that the Federal Reserve's plan to raise interest rates could be too much for the economy and stock market to handle. In a volatile session that saw the S&P 500 and Nasdaq post fresh year-to-date closing lows. The Dow Jones Industrial Average retreated 507.53 points, or 2.11%, at 23,592.98, the S&P 500 fell 54.01 points, or 2.08%, at 2,545.94, and the Nasdaq Composite Index retreated 156.93 points to 6,753.73, a drop of 2.27%
Oil settled below $50 a barrel on Monday for the first time in 14 months, a sign that global growth fears are overshadowing major producers' recent efforts to pare supply. Light, sweet crude for January delivery slumped $1.32, or 2.6%, to $49.88 a barrel on the New York Mercantile Exchange—its first close below $50 since Oct. 9, 2017 February Brent the global benchmark, lost 67 cents, or 1.1%, to $59.61 a barrel on ICE Futures Europe—its lowest since Nov. 30 of this year.
Asian share markets slumped today as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year. Investors are keeping a close watch on a major speech by Chinese President Xi Jiping as China prepared on Tuesday to commemorate the 40th anniversary of its economic reforms and opening up. The Shanghai Composite is off 0.58% while the Hang Seng is down 0.33%. The Nikkei 225 is off 1.23%. The Kospi is flat with a loss of 0.02%. Teh ASX 200 is down 0.83%.
The SGX Nifty is trading at 10,862.00 with a loss of 51.50 points or 0.47%.
Our Markets are likely to open flat/lower on Tuesday following muted trend seen in the Global markets. Further, trends on SGX Nifty indicate a flat to negative opening of the Indexes. SGX Nifty in Singapore Nifty futures were trading around 10,863.00-level with a loss of 50.50 points or 0.46% indicating a negative opening.
Asian stocks tracked global peers and tumbled on today. The markets finished broadly lower today with shares in Japan leading the region. The Nikkei 225 is down 1.82% while Hong Kong's Hang Seng is off 0.96% and China's Shanghai Composite is lower by 0.82%. TheKospi slippes 0.43%. TheASX 200 is lower by 1.22%.
European markets open lower amid intensifying concerns over global growth. The FTSE 100 is down 0.80% while France's CAC 40 is off 0.70% and Germany's DAX is lower by 0.16%.