US markets fell overnight on the back of strong economic data, which supports the case for the Fed to continue to raise interest rates. The Dow Jones was down 438 points (-1.40%). At best it was down 94 points, and at worst it was down 583 points. The NASDAQ fell 1.92%, and the S&P 500 finished xx% lower, with 95% of companies trading lower. In Europe, STOXX 50 -0.5%, FTSE +0.2%, CAC -0.7%, DAX -0.6%. SPI Futures are down 47 points (-0.64%) this morning, following a 24-point rally yesterday.
HEADLINES
- Wall St sinks as strong services data causes jitters over Fed direction
- Stocks Hit by Fed-Hike Worries as Bond Yields Jump
- U.S. services industry regains steam; factory orders accelerate
- Russia unleashes missiles across Ukraine, drones hit bases deep inside Russian territory
- FX swap debt an $80 trillion 'blind spot' global regulator says
- Vodafone CEO to leave after frustrating four years for shareholders
- U.S. Supreme Court leans toward web designer with anti-gay marriage stance
- Oil falls over 3% after data raises Fed interest rate worries
- Gold pulls back as dollar rebounds on strong U.S. data
- Lithium price to retreat from record as electric car sales slow
- China demand hopes fuel copper's rise to three-week peak
ON THE CALENDAR
- Domestic data: RBA interest rate decision & current account for Q3.
- Japan data: Household spending for October.
- UK: Retail sales for November.
- US: Balance of trade for October & Redbook data for December.
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