NEW YORK (dpa-AFX) – There were losses on the US stock exchanges again on Tuesday after the relatively robust start to the week. Concerns about economic development in China also played a role, as did surprisingly strong US retail sales. This fueled concerns among investors about further increases in key interest rates. Investors’ attention is therefore now on the minutes of the last Fed interest rate meeting, which is expected on Wednesday.
After half an hour of trading, the Dow Jones Industrial was 0.58 percent lower at 35,103.81 points. It is thus approaching its previous monthly low, which is close to the 35,000 point mark. Even the Nasdaq 100, which had strengthened the day before, was unable to escape the weakness by falling again by 0.55 percent to 15,121.38 points.
“After the significant price increases this year, there is currently a certain degree of uncertainty on the stock markets,” said Frank Wohlgemuth from the National Bank. In China, the central bank again felt compelled to ease monetary policy due to weak economic signals. The market is said to be concerned that China’s doldrums will spread to the global economy./tih/jha/
2023-08-15 14:13:42
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