Global stocks fell on Friday before the aggressive comments from Federal Reserve officials and the European Central Bank which raised investor expectations of higher interest rates.
The Dow Jones rose 0.39%, but the S&P 500 fell 0.28% and the Nasdaq fell 0.58%, following benchmark indicators sank more than 1% on Thursday. Rate-sensitive technology stocks led declines in Europe’s Stoxx 600 index as money market traders bet the ECB deposit rate will peak at 3.75% in October, up from a low of 3 .4% that followed the bank’s meeting this month.
In Chile, the SP IPSA fell 2.25% to 5,328.96 points, dragged down by the decline in SQM shares: the company’s series A fell 9.28%, while series B titles fell 5.44%. This week an influential Canadian outlet questioned the lithium model in Chile, pointing out that it is in a “swamp” and risks setback once morest other countries.
The setbacks are framed in the midst of las prospects for firmer monetary policy by the Fed following the latest macroeconomic data in the United States showed persistent inflationary pressures and a still resilient economy.
In Europe, andThe DAX lost 0.33% and the FTSE fell 0.10%. The EuroStoxx 50 was down 0.52%.
Las asian region bags ended the last session of the week with fallsgiven the fear of investors that the tightening of the monetary policy of the us federal reserve last longer than expected and rates continue to rise, following the latest statements of prominent members of the central bank. The Hang Seng Index fell 1.28%, the Nikkei ended 0.66% lower and the MSCI Asia Pacific Index fell 1.3%.
