The main indicators of the European and Asian stock markets opened this Thursday with negative indices and experts consider that this is mainly due to the weak consumption data in USA which revived fears of a global recession.
“We believe that the recession and the corporate earnings season, which we are just beginning (…) are going to weigh on the markets,” said Robert Alster of Close Brothers Asset Management yesterday Wednesday.
“U.S. retail sales data and places like United Kingdom They’re going to be a little weak for a while,” he added. “But let’s never, ever underestimate the American consumer. Let’s look at a few more months (of data),” he added.
The New York Stock Exchange closed yesterday lower and some believe the effects of rising interest rates and the high cost of living are finally starting to be felt.
Start of the day without many changes for the DAX (Germany), which started the day with a downward variation of -0.41%, to 15,119.99 points. In Spain, the IBEX 35had a fall of -0.71%, to 8,869.49 points
For his part, in Paris the ACC 40, opened with a decrease of -0.46%, up to 7,050.93 points, after the start of the opening session; while in London the FTSE 100 (UK), had a negative variation of -0.45%, up to 7,795.45 points.
In Tokyo (Japan) wrong login for the nikkei 225which began the day with decreases of -0.97%, to 26,530.33 points.
In Hong Kong, the hang seng it had a decrease of -0.88%, to 21,488.03 points, after the start of the opening session. For its part, the KOSPI in South Korea opened with a positive variation of the 0.15%until the 2,364.75 points.
The market will be attentive today to the publication of the minutes of the last ECB meeting and the presentation of the President of the ECB, Christine Lagarde at the Davos Forum (Switzerland).
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