{"id":127078,"date":"2022-05-06T18:50:29","date_gmt":"2022-05-06T18:50:29","guid":{"rendered":"https:\/\/fin2me.com\/?p=127078"},"modified":"2022-05-06T18:50:29","modified_gmt":"2022-05-06T18:50:29","slug":"european-shares-set-to-decline-after-wall-street-rout","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/european-shares-set-to-decline-after-wall-street-rout\/","title":{"rendered":"European Shares Set To Decline After Wall Street Rout"},"content":{"rendered":"

European stocks are seen opening broadly lower on Monday after an April rout in technology<\/span> stocks deepened Friday, dragging the Nasdaq Composite to its worst monthly performance in more than a decade.<\/p>\n

Asian stocks fell in thin trade, with markets<\/span> in Malaysia, Singapore, Taiwan, China, Hong Kong and Indonesia closed for holidays. <\/p>\n

Underlying sentiment was hit by concerns over inflation, the ongoing war in Ukraine and Covid-19 lockdowns in China.<\/p>\n

China’s manufacturing activity slumped to its lowest level since February 2020, official data showed, underscoring the economic damage caused by Covid-19.<\/p>\n

In Ukraine, a long-awaited evacuation of civilians from a besieged steel plant in the Ukrainian city of Mariupol was under way Sunday, as U.S. House Speaker NancyPelosi met Ukrainian President Volodymyr Zelenskiy in an unannounced visit to Kyiv.<\/p>\n

As inflation worries mount, focus now shifts to the central bank meetings in the United States and England as well as the monthly U.S. employment data release. <\/p>\n

The U.S. central bank is widely expected to raise interest rates by 50 basis points when it delivers its latest economic and interest rate policy update Wednesday. <\/p>\n

The Bank of England is expected to increased interest rates later this week to curb inflation that is running at multidecade high.<\/p>\n

Gold traded lower, hit by a stronger dollar and rising U.S. bond yields. The Japanese yen hit a new 20-year low after the Bank of Japan maintained its ultra-easy monetary policy.<\/p>\n

Oil prices fell over 1 percent in Asian trade as investors weighed the impacts of China’s measures to contain the Covid outbreak and moves by Europe to cut its reliance on fuel from Russia.<\/p>\n

U.S. stocks nosedived on Friday after Amazon reported a surprise loss and issued weak revenue guidance for the second quarter.<\/p>\n

The tech-heavy Nasdaq Composite plummeted as much as 4.2 percent to reach its lowest closing level since late November 2020, while the Dow plunged 2.8 percent and the S&P 500 slumped 3.6 percent.<\/p>\n

European stocks closed higher on Friday amid another day of busy earnings. The pan European Stoxx 600 climbed 0.7 percent.<\/p>\n

The German DAX rose 0.8 percent, France’s CAC 40 index edged up 0.4 percent and the U.K.’s FTSE 100 added half a percent. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

European stocks are seen opening broadly lower on Monday after an April rout in technology stocks deepened Friday, dragging the Nasdaq Composite to its worst […]<\/p>\n","protected":false},"author":3,"featured_media":127077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nEuropean Shares Set To Decline After Wall Street Rout - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/european-shares-set-to-decline-after-wall-street-rout\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"European Shares Set To Decline After Wall Street Rout - Fin2me\" \/>\n<meta property=\"og:description\" content=\"European stocks are seen opening broadly lower on Monday after an April rout in technology stocks deepened Friday, dragging the Nasdaq Composite to its worst [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/european-shares-set-to-decline-after-wall-street-rout\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-06T18:50:29+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2022\/05\/European-Shares-Set-To-Decline-After-Wall-Street-Rout-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/european-shares-set-to-decline-after-wall-street-rout\/\",\"url\":\"https:\/\/fin2me.com\/business\/european-shares-set-to-decline-after-wall-street-rout\/\",\"name\":\"European Shares Set To Decline After Wall Street Rout - 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