Categories: Business

Stocks slip in Europe, US ahead of Fed chair speech


Fri, 2022-08-26 15:42

NEW YORK: Stocks in the US and Europe turned lower Friday ahead of a speech by the Federal Reserve chair that could more shed light on the potential for more interest rate hikes, according to Reuters.

The DAX in Frankfurt fell 0.3 percent while the CAC 40 in Paris slipped 0.1 percent. The FTSE in London held onto a slight gain. Earlier, markets in Tokyo and Hong Kong advanced while Shanghai declined.

In the US, futures for all three major indexes declined, with the S&P 500 down 0.3 percent. The benchmark index gained 1.4 percent Thursday.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Rushdi Abualouf: If Hamas disarmament plan holds, it could mark first credible step to ending Gaza war

After months of marathon talks, Hamas has, for the first time, accepted a framework of…

5 hours ago

Trump says Board of Peace has reached agreement for disarmament of Hamas

The US president said Israel would withdraw from Gaza "as disarmament is completed" and called…

6 hours ago

What your summer reading list says about you

You've been dreaming about that summer break on the sun lounger, book in one hand…

9 hours ago

Why limited war with the US may suit Iran better than peace

Meanwhile, Saudi Arabia, the UAE, Qatar and other oil and gas exporting countries in the…

16 hours ago

Farmwatch: Farmer on mental health issues

"Tom the Young Farmer" tells BBC Radio Shropshire how it's important to check in on…

20 hours ago

Attacks ‘getting worse’: Deadly Russian strikes hit Ukrainian cities

Reports from the ground point to widespread damage to homes and civilian buildings, with search…

21 hours ago