Wall Street closes in the red again as fears mount up

FXStreet (Guatemala) - Wall Street was trading in the deep red once again as investors continue to fear that global growth has hit a plateau and has peaked.

Safe havens such as the Yen and bonds were the top performers while Gold was unable to shake off the dire situation in the commodity sector, with Glencore pioneering the concerns in the mining sector after it plunged 30% when Investec analysts raised fears about lower metal prices and their heavy debts.

On the back of Global performances, equities are in the running to report the worst quarter since 2011 while the MSCI All Country World Index has been down 11% for the quarter and has lost 2.1% today alone, the worst in two years. Following suit, the S&P 500 Index closed down 2.6%, down 8.8 % for the quarter.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD clings to gains above 1.2100 ahead of ECB

EUR/USD holds onto gains above 1.21, having witnessed a bull market pullback ahead of ECB's rate decision. The central bank is expected to maintain the status quo on interest rates and bond purchases. The ECB may attempt to talk down the euro, with the economy facing recession risk.


GBP/USD regains 1.3700 amid upbeat mood, ignores virus concerns

GBP/USD regains 1.3700, rising for the fourth consecutive day. US President Biden’s first moves lift the mood. The UK's rapid vaccinations also add to market optimism. UK’s covid-led deaths jump to record, PM Johnson says figures are appalling.


Gold refreshes two-week top as buyers eye 100-day SMA

Gold prices rise to a fresh high since January 08 while taking the bids above $1,870. Gold buyers cheer successful upside break of 50-day SMA to refresh the multi-day high. A break above 100-day SMA, at $1,883.80 will eye for $1,900.

Gold news

ECB Preview: Lagarde may trigger a “buy the dip” opportunity by trying to talk down the euro

Missing the target for over two years – and moving further away from it– cannot be called a success. The European Central Bank has only one job, keeping inflation "at, or close to 2%" and the current level of -0.3% is undoubtedly an issue.

Read more

DXY flatlines just below 90.50 despite drop in real yields

It was a flat day in the end for the DXY, despite risk-on in the stock market. Pandemic nerves may have acted in support of the US dollar but falling real yields may hurt it. The Trump to Biden administration went smoothly on Wednesday.

US Dollar Index News