Home » Asian (Nikkei -1.34%) and European (FTSE100 -0.99%) stocks fell after turbulent day for US markets
European and Asian stocks were hit with further declines on Wednesday  after Wall Street suffered its worst day since December. Asian shares followed Wall Street and Europe lower on Friday , with markets jittery over the risk that the Federal Reserve and other central banks may bring on recessions in order to get inflation under control. Oil prices and U.S. futures edged higher. Asian and European stocks fell Wednesday  after another turbulent day for US markets, as investors continue to sell off amid fears of global inflation, further interest rate hikes and broader economic turmoil.
The Fed raised its short-term interest rate by half a percentage point on Wednesday, its seventh increase this year. Central banks in Europe followed along Thursday, with the European Central Bank, Bank of England and Swiss National Bank each raising their main lending rate by a half-point Thursday.
FTSE100 is losing today -0.99% to 7,898.57. Lloyds Banking Group today revealed unchanged annual profits of £6.9 billion and Rio Tinto shareholders, meanwhile, can expect a smaller dividend payment this year after the mining giant declared an award of $4.92 a share.
Lloyds Banking Group reported unchanged profits of £6.9 billion for the year , thanks to a rise in interest rates and expectations of house prices falling by 7%. Rio Tinto’s shareholders can expect a smaller dividend payment this year , while Glencore has lost 13.7 pence to 489.6 pence.
Despite weaker-than-expected fourth quarter profits of 1.6 billion pounds ($2.2 billion), Lloyds said it would pay a special dividend of 0.5 pence and an ordinary dividend of 2.25 pence a share . The amount of the dividends on an annual basis can be choppy with higher payments paid in 2019 as compared to 2021 and 2022. The bank’s common equity tier 1 ratio, a measure of financial strength, stood at 13 percent after the payout.
On Wednesday, Nikkei 225 was down -1.34%. On Tuesday, the Nikkei 225 index was down 1.25% in Tokyo, with losses in the and sectors leading shares lower . The best performers of the session on the Nikkei 225 were Seven & i Holdings Co., Ltd. (TYO:3382) which rose 6.06% or 351.00 points to trade at 6,142.00 at the close . The Nikkei 225 key figures for performance, 1.21%, high, 27,821.22, and low, 26,788.76, showed a volatility of 8.36% .
US Stocks tumbled on Tuesday with Nasdaq Composite slid 2.5%
Stocks tumbled on Tuesday, with the S&P 500 index dropping 2% . The main reasons for the decline were fears about higher interest rates and the tightening squeeze on Wall Street and the economy . The yield on the 10-year Treasury rose further to 3.95% from 3.82% late Friday, and the two-year yield rose to 4.72% from 4.62% . The Fed has already pulled its key overnight rate up to a range of 4.50% to 4.75%, up from basically zero at the start of last year .
Several reports have recently come in on the economy that were stronger than expected , but they could also fuel upward pressure on inflation and give the Fed more reason to stick to the “higher for longer” campaign it’s been espousing for rates . The stock market has fared poorly in the last 10 years , with major indices increasing in value but dropping during the pandemic. The most significant spike in volatility from the last decade was in March 2020, at the beginning of the COVID-19 pandemic. Rates of return have been above average almost every year since .
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What is the NASDAQ?
The NASDAQ is a stock exchange based in New York City that focuses on technology and growth companies. It is home to over 3,000 companies, including some of the largest and most well-known tech companies in the world such as Apple, Microsoft, Amazon, and Facebook.
How do I buy stocks on the NASDAQ?
You can buy stocks on the NASDAQ through a brokerage account. When you open a brokerage account, you will be given access to the NASDAQ and other exchanges to buy and sell stocks. You can buy stocks either through a market order or a limit order.
What risks are associated with investing in the NASDAQ?
Investing in the NASDAQ carries the same risks associated with investing in any other stock. The value of the stocks can go up or down and you could potentially lose all of your investment. Additionally, the tech sector can be volatile and the companies on the NASDAQ may be more susceptible to economic downturns.
What should I consider before investing in the NASDAQ?
Before investing in the NASDAQ, you should consider the risks associated with investing in the stock market and the tech sector in particular. It is also important to diversify your portfolio and make sure to invest in a range of different companies, industries, and strategies. Additionally, ensure that you understand the stock you are buying and have done research on the company.