BEIJING -- Global stock marketsand Wall Street futures fell sharply on Thursday despite the US Federal Reserve's aggressive rate hikes. It almost fell after saying that US inflation was too high. It suggests support for further gains.
Decreased in London, Shanghai, Tokyo and Hong Kong. Frankfurt opened higher. Crude oil prices rose steadily.
Inflation was "unacceptably high" despite signs of weakening US economic growth, notes released Wednesday at his July 26-27 Fed meeting said. said. Board members see "little evidence" that inflationary pressures are waning.
Investors say aggressive rate hikes this year by the Fed and European and Asian central banks to curb inflation at its highest level in decades will hurt global growth. I am concerned that it may
According to the Fed memo, "Mizuho Bank's Venkateswaran Lavanya said in a report that some investors could 'excessive tightening slow growth.'
In early trading, his FTSE 100 in London fell 0.2% to 7,498.98, while his DAX in Frankfurt rose 0.3% to 13,672.70. CAC 40 in Paris rose 0.2% to 6,539.60.
On Wall Street, futures on the benchmark S&P 500 Index and the Dow Jones Industrial Average were down 0.3% on him.
In Asia, the Shanghai Composite Index fell 0.5% to 3,277.54, while Tokyo's Nikkei 225 fell 1% to 28,942.14. Hong Kong's Hang Seng fell 0.8% to 19,763.91.
Seoul's Kospi fell 0.3% to 2,508.05, while Sydney's S &P-ASX 200 fell 0.2% to 7,112.80.
India's Sensex fell 0.3% to 60,064.94. New Zealand and Bangkok fell while Singapore and Jakarta rose.
On Wall Street, the S &P 500 fell 0.7% on Wednesday, offsetting the week's gains. This has pushed the index down 0.1% since Monday.
The Dow fell 0.5% and the Nasdaq fell 1.3%.
The Federal Reserve memo clarified the Board's plan to continue raising rates, but gave no indication of when or how much.
The US Central Bank has raised its benchmark lending rate twice this year by 0.75 points. Forecasters say a rate hike of the same magnitude is possible at the September meeting, although the odds are diminished as data show a weakening economy.
Retail sales in July were flat compared to the previous month, defying expectations of a slight increase, according to a Department of Commerce report. Retailers warn that high inflation will force consumers to spend less on non-essentials.
Retail chain Target fell 2.7 percent after he reported second-quarter earnings fell nearly 90 percent. Children's clothing and accessories chain Children's Place fell 11% after reporting unexpected losses due to supply problems and inflationary pressure.
Technology and telecommunications stocks also fell.
In the energy market, US benchmark crude rose 18 cents to $88.29 a barrel in electronic trading on the New York Mercantile Exchange. On Wednesday he jumped $1.58 to $88.11. Brent crude, the price benchmark for international trading, rose 37 cents to $94.02 a barrel in London. It rose $1.31 to $93.65 in the previous session.
The dollar rose to 135.28 yen from 135.05 yen on Wednesday. The euro fell from $1.0169 to $1.0163.
