European Markets Drop amid Inflation and Looming Euro-Dollar Parity
European markets saw a drop in value across the board as energy costs intensify and the euro nears dollar parity.
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European markets saw a drop in value across the board as energy costs intensify and the euro nears dollar parity.
The Nasdaq, S&P 500, and Dow all closed lower as US equities fell to begin the week ahead of anticipated quarterly reports.
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The US stock futures decline in early trading hours. Market sentiment turns negative along with consumer confidence. Here’s what analysts think is the extent to which S&P 500 can correct further.
Consumer confidence in the economy sees a sharp fall, leading to a broader market correction on Tuesday. Market loses steam as there’s no catalyst to support the recovery.
European stocks saw a two-week high on Monday due to the ease of COVID-19 restrictions in China.
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