US stocks waver after turmoil in Asia and Europe

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The stock markets in the US traded flat in early trading as investors digest the turmoil in Asia and Europe.

    At the time of writing, the Dow Jones Industrial Average (DJIA) was down 40 points or 0.25% after declining as much as 146 points in the opening minutes of trading. The S&P 500 was trading dead flat while the tech-heavy Nasdaq Composite edged up 19 points or 0.45%.

    Japanese equities fell more than 5%, while the Japanese Yen hit a one-year high against the US dollar. Furthermore, the yield on the benchmark 10-yr Japanese government bond (JGB) fell into the negative territory.

    European stocks fell for a seventh consecutive session to their lowest levels since 2014, while crude oil prices declined.

    Talk of a European banking sector crisis has been gathering pace, courtesy of which the Europe’s banking sector is down 26% this year.
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