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Tuesday 20th March 2018

Global Stocks Rebound after Decline over Growth Concerns

Business

7Dnews London

Tue, 26 Mar 2019 13:36 GMT

Global stock prices managed to rise on Tuesday March 26th, following a slide over worries about both US and European economic growth, according to AP.

In early trading, London's FTSE 100 rose 0.1% to 7,187.13 and France's CAC 40 added 0.1 % to 5,268.04. Germany's DAX was unchanged at 11,335.24. 

European investors are concerned about the uncertain outlook over Britain's plan to leave the European Union, which drove worried investors in the past few days to shift money into bonds, sending yields lower. 

In Asia, Tokyo's Nikkei 225 gained 2.2 % to 21,428.39 and Hong Kong's Hang Seng was 0.1 % higher at 28,566.91. The Shanghai Composite Index declined 1.5 % to 2,997.10. 

Meanwhile, on Wall Street, futures for the Standard & Poor's 500 index and the Dow Jones industrial average were 0.4 % higher. 

In Europe and Asia, markets slid on Monday March 25th as traders were pessimistic about outlooks for global growth. The S&P lost 0.1 %, adding to losses from last week's sell-off. 

Traders were uneasy about a drop in long-term bond yields, which many see as a warning sign of a possible recession. 

"Worries about global growth are evident," Shane Oliver of AMP Capital said in a report. 

Despite that: "we see this year as being a decent year for share market returns," said Oliver. He pointed to factors such as a shift by central banks toward easier monetary policy, China's plans for economic stimulus, and fading fears about the US-Chinese tariff war. 

Elsewhere in Asia, Seoul's Kospi added 0.2 % to 2,148.80 and Sydney's S&P-ASX 200 was unchanged at 6,130.60. India's Sensex gained 1.1 % to 38,233.41 while benchmarks in New Zealand, Taiwan and Southeast Asia also rose. 

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