Stock markets face a 'perfect storm' as high rates and China fears bite, analysts warn
Publishing timestamp: 2023-08-18 09:15:26
Summary
The article discusses the decline in global stock markets, including the Hang Seng index and pan-European Stoxx 600 index, due to concerns over the Chinese economic slowdown and high U.S. interest rates. The bankruptcy protection filing by Evergrande and the suspension of bond payments by Country Garden have added to the worries about China's real estate market. The article also mentions the negative impact of the U.S. Federal Reserve's minutes, which indicated a possibility of further interest rate hikes. The decline in U.K. retail sales and upcoming events like the Fed's Jackson Hole symposium and flash PMI readings are also mentioned. Overall, the article suggests that there are significant risks and challenges ahead for global markets.
Sentiment: NEGATIVE
Tickers: 3333-HK, .SPX, .DJI, .STOXX, 2007-HK, .NDX,
Keywords: business news, central banking, breaking news: investing, economy, breaking news: economy, markets, dow jones industrial average, stoxx 600, s&p 500 index, wall street, investment strategy, nasdaq 100 index, u.s. economy, breaking news: markets,