Stock markets worldwide experience declines amid concerns over the Chinese property market, rising US bond yields, and poor economic data in China and the UK.
Cboe Global Markets Inc, RLI Corp, and AGNC Investment Corp will all trade ex-dividend for their upcoming dividends, resulting in lower stock prices for all three companies. CBOE's dividend works out to approximately 0.36% of its stock price, RLI's dividend is 0.21%, and AGNC's dividend is 1.22%. The historical dividend charts for these companies can provide insight into their stability over time, and if the dividends continue, the estimated annual yields would be 1.46% for CBOE, 0.84% for RLI, and 14.67% for AGNC. In Monday's trading, CBOE shares are down 0.3%, RLI shares are down 0.2%, and AGNC shares are up 0.6%.
European stocks and Asian equities declined as disappointing data from China raised concerns about the country's economic recovery, with the Stoxx 600 dropping 0.7% and the MSCI Asia Pacific Index heading for its first drop in seven days.
Shares of Netflix Inc. fell 0.65% on a rough trading session for the stock market.
Global equity markets closed mostly lower, with the exception of India and South Korea, as concerns about inflation and uncertainty around Fed rate actions weighed on investor sentiment. The Japanese Nikkei closed 1.16% lower due to lower-than-expected GDP growth and China's ban on iPhones. Officials at the Hong Kong Exchange halted trading after major flooding from storms. European markets were also lower, and US equity futures indicate a lower open.
Global markets ended higher as energy stocks climbed supported by Saudi Arabia and Russia's decision to extend supply cuts, while Wall Street's key indexes saw weekly declines due to investor concerns over interest rates and anticipation of upcoming U.S. inflation data. In Asian markets, Japan's Nikkei 225 ended down, Australia's S&P/ASX 200 was up, and Chinese shares rose following improved data on consumer price inflation. The Eurozone's economic growth outlook has been downgraded by the European Commission, and crude oil prices fell.
Stocks declined amid speculation that US inflation data will show persistent price pressures, increasing the likelihood that interest rates will remain elevated; market focus is on the US consumer price report.
The Philippine stock market continues to decline, with concerns about a hawkish central bank deterring foreign investors and wiping out billions of dollars in market value.
Shares of Alphabet Inc. Cl A fell 0.51% as the stock market experienced a dismal trading session, although it outperformed some of its competitors.
Asian stock markets mostly declined, with Japan's Nikkei 225 leading losses, as investors were concerned about upcoming central bank decisions and the possibility of the Bank of Japan ending its negative interest-rate policy.
Shares of Open Text Corp. fell 0.80% as the Canadian market declined, with the S&P/TSX Composite Index falling 0.02% and the company closing C$8.27 short of its 52-week high.
Global shares fell as central banks indicated that interest rates would remain higher for longer and investors awaited U.S. inflation data, causing concern over the economic outlook.
Global stock market value falls below $100 trillion for the first time in four months due to concerns about the Chinese economy and rising US interest rates, leading to a drop in luxury brand and tech stocks.
Stock markets ended mixed as investors processed the effects of the U.S. inflation report on the Federal Reserve's interest rate policy, with the S&P 500 declining by 0.27% and the Nasdaq Composite gaining 0.14%; in Asian markets, Japan's Nikkei 225 settled lower by 0.31% while Australia's S&P/ASX 200 slid 0.22%; in Europe, the STOXX 600 index was down 0.42% with Germany's DAX declining 0.25%, France's CAC 40 sliding 0.36%, and the U.K.'s FTSE 100 trading lower by 0.45%; and in commodities, Crude Oil WTI and Brent gained 0.82% and 0.89% respectively, while Gold traded lower by 0.88%.
Stock futures decline after the S&P 500's strong performance, with Rivian, Tesla, Clorox, BlackBerry, and Exxon among the top movers.
