Stock markets the global recession

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The current week is of huge significance for traders of the stock market. A large number of publicly traded companies release their quarterly earnings reports. Traditionally, this period is called “earnings season”. He has already influenced global markets. U.S. indices declined moderately earlier in the week because of fears that the longest government shutdown in history will have an impact on economic activity. Weak trade figures from China weighed on global stocks and led to the fall of the EU market. The Hong Kong Heng Seng index led the decline.
Most major Asian stock indexes fell on Monday, as the trade data in China indicate that the impact of tariffs is much more than expected. Data show a slowdown both in imports and in exports. The Shanghai Composite index also fell, but more moderately. Other losers in the region were Korea’s Kospi falling about and the Australian ASX. Japan’s Nikkei fell almost 1%. The technology sector was the most affected with losses of more than 1.0%.
Britain’s FTSE became the leader of decrease among indices. This week, UK will face a critical vote on a Brexit, which can change the economy of the EU. The result of the vote on the approval of the transaction Theresa may on bracito in question. May said that the failure of the ratification will be catastrophic. The French CAC and German DAX also fell. Earnings season kicked off in the United States. The NASDAQ Composite led with a loss of about a 1.0%, while the Dow Jones Industrial Average and S&P 500 opened lower to -0.75 per cent.
Stop the American government is the problem, but history shows that there were no lingering economic effects from past stops. In business news, the earnings season starts with a report by Citigroup. Income banking and lending giant failed to meet expectations because of the small volume of bond trading. A decline of 39% in fixed income was much more than expected and offset by growth in all other segments. Later this week there will be opublikowany reports from JP Morgan, Wells Fargo, Bank of America and American Express. Tuesday will be published the producer price index in the U.S., retail sales on Wednesday and the main property records for the week.
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Yevgeny Abramovich
Analyst
Forex broker FXOpen