Disappointing Performance of Japanese Economy in Q2 Causes Global Market Drop

2023-09-08 14:55:56

Published at 08:05, updated at 08:24

In New York, before the markets opened, the Dow Jones industrial average and the broader S&P 500 index rose 0.1%. (Photo: The Canadian Press)

MARKET REVIEWS. Global markets were down Friday morning, following the announcement of a disappointing performance of the Japanese economy in the last quarter.

Stock market indices at 7:30 a.m.

London, Frankfurt et Paris lost 0.4% to 0.5% at the start of the session in Europe.

In New York, before the markets opened, the average Dow Jones industrial stocks and the broader index S&P 500 increased by 0.1%.

In Asia, it was announced that the Japanese economy generated growth of 4.8% between April and June, compared to the 6% growth estimated previously.

The Nikkei 225 plunged 1.2% in Tokyo. There Shanghai Stock Exchange fell by 0.2% and the Hong Kong Stock Exchange was closed due to a tropical storm. Sydney lost 0.2% and Seoul was stable.

On the New York Commodity Exchange, the price of oil dropped 32 US cents to US$86.55 per barrel.

The context

Further details will follow.

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