European shares closed under pressure on Tuesday, as investors shied away from riskier assets in the face of a new round of U.S. sanctions against Iran and doubts over whether Washington and Beijing will make any progress on trade at a G20 summit this week. The pan-European STOXX 600 index fall 0.10% The FTSE 100 gained 0.08%, while the DAX led the CAC 40 lower. They fell 0.38% and 0.13% respectively.
Wall Street fell on Tuesday, led by a selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while Federal Reserve Chairman Jerome Powell pushed back on pressure from President Donald Trump to cut interest rates. The Dow Jones Industrial Average fell by 179.32 points, or 0.67%, to 26548.22, its biggest decline since May. The S&P 500 slumped 27.97 points, or 0.95%, to 2917.38. The Nasdaq Composite lost 120.98 points, or 1.51%, to 7884.72.
Oil prices were mixed on Tuesday ahead of data expected to show U.S. crude stocks declining, outweighing investors’ concerns that U.S.-China trade tensions could dampen fuel demand. Benchmark Brent crude futures settled up 19 cents, or 0.3%, at $65.05 a barrel. U.S. crude futures fell 7 cents, or about 0.1%, at $57.83 a barrel.
Asian stocks are mixed on today morning and the dollar inched up from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing. he Nikkei 225 falls 0.55%. The stock markets in Hong Kong and Shanghai are0.01% and 0.11%: up respectively The KOSPI retraced earlier losses to trade 0.22% up,while Australia’s ASX 200 slipped 0.11%.
SGX Nifty in Singapore Exchange is trading 22.50 points or 0.19% lower at 11,770.00
Our Markets ae expected lower to day in view of the subdued asain as well as othe global Markets.
Oil prices rose over 1% on TOday to hit their highest in nearly a month as widely-watched data showed U.S. crude stockpiles fell more than expected, underpinning a market already buoyed by worries over potential U.S.- Iranconflict.Front-month Brent crude futures, the international benchmark for oil prices, were up 1.17% at $65.03 by 04:27 GMT. They earlier touched their highest since May 31 at $66.00 a barrel.U.S. West Texas Intermediate (WTI) crude futures were at $58.90per barrel, up 1.85% from their last settlement. WTI earlier hit its strongest level since May 30 at $59.03 a barrel.
Asian stocks finished lower on today and the dollar inched up from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing. The Nikkei 225 falls 0.51%. Ths Shanghai Composite is down 0.19%. The Hang seng is up 0.13 %. The Kospi is flat with a gain of 0.01%. The ASX 200 is off 0.26%.
European shares fell for the fourth straight session on today, as bets on an aggressive half-point cut in U.S. interest rates next month collapsed following a more measured than expected message from Federal Reserve officials. The pan-European STOXX 600 index fell 0.19%. The DAX gained 0.03%, while the FTSE and the CAC 40 are lower 0.05% and 0.07% respectively. They fell 0.38% and 0.13% respectively.