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Equities: global indices under pressure – Deutsche Bank

Source Fxstreet

Deutsche Bank notes a broad setback in global equities, with the S&P 500, NASDAQ and Russell 2000 all posting notable declines despite stronger growth data. European benchmarks such as the STOXX 600, DAX and CAC 40 also retreated, while Asian markets including Hang Seng, CSI 300, Shanghai Comp and S&P/ASX 200 weakened. Only the Nikkei advanced, largely on a catch-up move.

Global stock indices face broad losses

"All that put a lot of pressure on equities, even though the growth data surprised on the upside. So the S&P 500 (-0.75%) posted its biggest decline in a month, with all the major sector groups apart from energy (+1.04%) losing ground."

"The NASDAQ (-1.13%) and the small-cap Russell 2000 (-1.77%) saw even larger falls."

"Meanwhile in Europe, the STOXX 600 (-0.44%) also saw a pullback, alongside declines for the DAX (-0.66%) and the CAC 40 (-0.39%) as well."

"So equities have also struggled, with losses for the Hang Seng (-0.52%), the CSI 300 (-1.29%), the Shanghai Comp (-0.93%) and the S&P/ASX 200 (-0.80%)."

"The main exception has been the Nikkei (+0.94%) although that reflects a catch-up after the index has been closed for the previous three days."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

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