US sharemarkets fell for the first time in five sessions on Tuesday. Concerns about a slowdown on the global economy caused investors to book profits on the 13% plus rally since Christmas Eve. It was reported that the US turned down China's offer of preparatory trade talks. Energy stocks fell in response to a lower oil prices. And healthcare company Johnson & Johnson and oilfield services provider Halliburton Co delivered weak earnings forecasts. With an hour of trade to go, the Dow J...
US sharemarkets fell for the first time in five sessions on Tuesday. Concerns about a slowdown on the global economy caused investors to book profits on the 13% plus rally since Christmas Eve. It was reported that the US turned down China's offer of preparatory trade talks. Energy stocks fell in response to a lower oil prices. And healthcare company Johnson & Johnson and oilfield services provider Halliburton Co delivered weak earnings forecasts. With an hour of trade to go, the Dow Jones index was lower by 430 points or 1.8%. The S&P500 index was down by 1.9%. The Nasdaq index was lower by 171 points or 2.4%.
European sharemarkets eased on Tuesday. Investors across the globe fretted about softer economic growth. Shares in UBS fell 3.2% after it unveiled weaker-than-expected earnings. But shares in German fashion house Hugo Boss rose 5.2% after it predicted further growth in sales after a pick-up at the end of 2018. Shares in EasyJet rose 6.3% after it released an encouraging outlook statement. The pan-European STOXX600 index fell by 0.4%. The UK FTSE lost 1.0% while the German Dax index eased by 0.4%. In London trade, shares of Rio Tinto fell by 2.2% and BHP lost 1.9%.
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