قالب وردپرس درنا توس
Home / Business / Stocks slip as growth concerns

Stocks slip as growth concerns



U.S. stocks […] The S & P 500 (^ GSPC) fell 0.32%, or 8.9 points, as of 11: Stocks fell out of focus. 08 am ET. The Dow (^ DJI) fell 0.2%, or 50.26 points, while the Nasdaq (^ IXIC) slipped 0.46%, or 35.16 points.

Overnight, domestic equities broads in the major European stock indices after European Central Bank President Mario Draghi delivered a dismal description of the euro area economy. He acknowledged ongoing "weakness in world trade" as negatively impacting the manufacturing sector, and a "weakening growth picture". Earlier this month, the ECB downgraded its 2019 GDP forecast for the eurozone to 1.1%, from 1.7% previously.

However, Draghi on Wednesday has stopped short of a slowdown in the eurozone with the prospect of a major economic downturn.

"We are now seeing a more persistent deterioration of external demand," Draghi said in prepared remarks during a speech in Germany.

Draghi, therefore, said the ECB would "monitor the effects of the central bank's current policy of negative interest rates, with the eurozone's key rate currently set at negative 0.4 %. "Mitigating side effects," he said, adding that "soft money" is not an "inevitable consequence" of low interest rates.

The ECB joins central banks across the globe – including the US

European Central Bank President Mario Draghi arrives at a meeting of Eurogroup Finance Ministers at the European Council headquarters in Brussels, Monday, Feb. 11, 2019. [AP Photo / Francisco Seco] ” class=”JsEnabled_Op(0) JsEnabled_Bg(n) Trsdu(.42s) Bgr(nr) Bgz(cv) StretchedBox W(100%) H(100%) ie-7_H(a)” itemprop=”url” style=”background-image:url(https://s.yimg.com/ny/api/res/1.2/gX36kf5DQ6n4kuC9MqKdOQ–~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAw/https://img.huffingtonpost.com/asset/5c9b712f2400007b000434cd.jpeg);” src=”https://s.yimg.com/g/images/spaceball.gif” data-reactid=”27″/>

European Central Bank President Mario Draghi arrives at Eurogroup Finance Ministers at the Brussels European Council, Monday, Feb. 11, 2019. (AP Photo / Francisco Seco)

On Wednesday, new data showed profit from China's industrial firms fell the most in more than 7 years. Chinese industrial firm profits fell 14% year-over-year for the period spanning January and February, according to the National Bureau of Statistics.

Economic data domestically has fluctuated at the start of the year, with investors whipsawed by mixed data on the laboratory market, manufacturing sector, retail sales and consumer sentiment. During the most recent meeting

U.S. Treasury yields were down across the curve on Wednesday, with the yield on the 10-year note down 4 points to 2.372%.

Economy

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – This is a 3-month bill, down less than 1 basis point to 2.46%. -m Mt (0.8em) – sm "type =" text "content =" Mortgage applications increased 8.9% for the week ending March 22, The Mortgage Bankers Association (MBA) reported in its weekly seasonally adjusted The week prior, mortgage applications rose just 1.6%, while the previous month's March 22, versus 0.3% previously, while refinanced increased 12.4%, after rising 3.5% for the week prior. " data-reactid = "38"> Mortgage applications increased 8.9% for the week ending March 22, The Mortgage Bankers Association (MBA) reported in its weekly seasonally adjusted results. The week prior, mortgage applications rose just 1.6%. Purchases were up 6.4% for the week ending March 22, versus 0.3% previously, while refinance increased 12.4%, after rising 3.5% for the week prior.

An unexpected "large drop in mortgage rates following last week's FOMC meeting" helped

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt. (0.8em) – sm "type =" text "content =" The United States trade deficit for goods and services narrowed in January to $ 51.1 billion, the Bureau of Economic Analysis announced Wednesday the expected $ 57 billion deficit for the month, according to Bloomberg data. "December's trade deficit has been revised upwards by $ 100 million to $ 59.9 billion." data-reactid = "40"> Trade in goods and services narrowed in January to $ 51.1 billion, the Bureau of Economic Analysis announced Wednesday. $ 57 billion deficit for the month, according to Bloomberg data.

<p class = "Morning Brief ” class=”JsEnabled_Op(0) JsEnabled_Bg(n) Trsdu(.42s) Bgr(nr) Bgz(cv) StretchedBox W(100%) H(100%) ie-7_H(a)” itemprop=”url” style=”background-image:url(https://s.yimg.com/ny/api/res/1.2/9OpabCfZwfP05uxMRNcUFA–~A/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9NzIwO2g9MTc3O2lsPXBsYW5l/https://img.huffingtonpost.com/asset/5c9b71802400009e00066b37.png.cf.jpg);” src=”https://s.yimg.com/g/images/spaceball.gif” data-reactid=”56″/>

<p class =" Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Emily McCormick is a reporter for Yahoo Finance. Follow us on Twitter: @emily_mcck "data-reactid =" 64 "> Emily McCormick is a reporter for Yahoo Finance. Follow us on Twitter: @emily_mcck

<p class = "canvas-atom canvas-text Mb (0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Follow Yahoo Finance on Twitter Facebook Instagram Flipboard [19659022] and reddit . "data-reactid =" 65 "> Follow Yahoo Finance on Twitter Facebook [19659022] Instagram Flipboard LinkedIn and reddit .

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Read more from Emily: "data-reactid =" 66 "> [Emily:

S & P 500, Nasdaq close

Boeing 737 Max groundings 'pressure' US economic data: Wells Fargo

Beer sales are lukewarm and pot could be part of the problem

Recession risks remain muted as fear tracks higher: Report


Source link

Tags