Stock indices closed lower after comments by the Fed Chair Yellen and due to rising tensions in Ukraine. Janet Yellen said that the U.S. labour market is not yet fully recovered. But she added that the U.S. labour market was improving. The Fed Chair Yellen offered no signal when the Fed will start to raise its interest rate.
Investors speculate that the Fed may hike its interest rate sooner than expected.
Tensions over Ukraine also weighed on markets. Ukraine said Russian humanitarian aid trucks crossed the Ukrainian border without being accompanied by the Red Cross.
The European Central Bank President Mario Draghi will also speak in Jackson Hole later in the day, but the European markets will be closed.
No major economic reports were released in the Eurozone.
Indexes on the close:
Name Price Change Change %
FTSE 100 6,775.25 -2.41 -0.04%
DAX 9,339.17 -62.36 -0.66%
CAC 40 4,252.8 -40.13 -0.93%
U.S. stock-index futures were little changed as investors awaited a speech by Federal Reserve Chair Janet Yellen for cues on the timing of higher interest rates.
Global markets:
Nikkei 15,539.19 -47.01 -0.30%
Hang Seng 25,112.23 +118.13 +0.47%
Shanghai Composite 2,240.81 +10.35 +0.46%
FTSE 6,772.89 -4.77 -0.07%
CAC 4,259.08 -33.85 -0.79%
DAX 9,360.8 -40.73 -0.43%
Crude oil $93.52 (-0.49%)
Gold $1279.50 (+0.32%)
(company / ticker / price / change, % / volume)
| McDonald's Corp | MCD | 94.54 | +0.01% | 1.2K |
| Verizon Communications Inc | VZ | 48.93 | +0.12% | 0.7K |
| Nike | NKE | 79.25 | +0.39% | 0.7K |
| Cisco Systems Inc | CSCO | 24.89 | 0.00% | 5.8K |
| The Coca-Cola Co | KO | 41.40 | -0.02% | 2.1K |
| Pfizer Inc | PFE | 28.81 | -0.03% | 1.1K |
| Johnson & Johnson | JNJ | 103.44 | -0.05% | 2.1K |
| UnitedHealth Group Inc | UNH | 83.73 | -0.05% | 0.3K |
| Merck & Co Inc | MRK | 58.82 | -0.05% | 0.6K |
| American Express Co | AXP | 89.09 | -0.06% | 0.3K |
| Walt Disney Co | DIS | 90.33 | -0.06% | 9.4K |
| Wal-Mart Stores Inc | WMT | 75.50 | -0.07% | 0.8K |
| Goldman Sachs | GS | 175.00 | -0.09% | 1.0K |
| Chevron Corp | CVX | 127.82 | -0.09% | 0.2K |
| Visa | V | 215.54 | -0.10% | 0.3K |
| International Business Machines Co... | IBM | 191.04 | -0.10% | 0.3K |
| JPMorgan Chase and Co | JPM | 58.44 | -0.10% | 6.4K |
| Travelers Companies Inc | TRV | 93.85 | -0.10% | 0.6K |
| 3M Co | MMM | 144.34 | -0.11% | 0.3K |
| AT&T Inc | T | 34.60 | -0.12% | 3.4K |
| Exxon Mobil Corp | XOM | 99.13 | -0.15% | 2.4K |
| Microsoft Corp | MSFT | 45.15 | -0.15% | 1.2K |
| Procter & Gamble Co | PG | 83.14 | -0.17% | 0.9K |
| General Electric Co | GE | 26.38 | -0.19% | 0.9K |
| Intel Corp | INTC | 35.08 | -0.20% | 3.5K |
| Caterpillar Inc | CAT | 107.72 | -0.23% | 1.4K |
| Home Depot Inc | HD | 90.70 | -0.49% | 1.4K |
| United Technologies Corp | UTX | 109.47 | -0.54% | 10.5K |
Stock indices traded lower ahead of speech by Federal Reserve Chair Janet Yellen in Jackson Hole later in the day. Market participants are awaiting that speech by Federal Reserve Chair Janet Yellen may reveal Fed's next monetary policy moves.
Investors speculate that the Fed may hike its interest rate sooner than expected.
The European Central Bank President Mario Draghi will also speak in Jackson Hole later in the day, but the European markets will be closed.
No major economic reports were released in the Eurozone.
Current figures:
Name Price Change Change %
FTSE 100 6,758 -19.66 -0.3 %
DAX 9,326.66 -74.87 -0.8 %
CAC 40 4,250.32 -42.61 -1.0 %
Most Asian stock indices closed higher, following gains on U.S. markets. U.S. markets increased yesterday due to the better-than-expected economic data in the U.S. The U.S. preliminary manufacturing purchasing managers' index (PMI) rose to 58.0 in August from 55.8 in July, beating expectations for a decline to 55.7.
The Federal Reserve Bank of Philadelphia's manufacturing index climbed to 28.0 in August from 23.9 in July, beating expectations for a drop to 20.3.
The existing home sales in the U.S. rose 2.4% to 5.15 million units in July from 5.03 million units in June. Analysts had expected a decrease to 5.01 million units in July.
Market participants are awaiting that speech by Federal Reserve Chair Janet Yellen in Jackson Hole later in the day may reveal Fed's next monetary policy moves.
Indexes on the close:
Nikkei 225 15,539.19 -47.01 -0.30%
Hang Seng 25,112.23 +118.13 +0.47%
Shanghai Composite 2,240.81 +10.35 +0.46%
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