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Wall Street and Nasdaq drop

Wall Street fell sharply on Tuesday 28.6.2022 after the release of the US Consumer Confidence report for June, which was not satisfactory. In addition to fears of a possible recession in the world’s largest economies.

The losses of technology companies Apple and Microsoft led to a decline of the Nasdaq index by 2.98%. Which led to the closing of the major US stock indices sharply lower. The Standard & Poor’s 500 Index fell 2%, while the Dow Jones Industrial Average fell 1.55%.

Today, Wednesday, 29.6.2022, sentiment continued to dominate the markets in Asia and the Asian stock indices fell sharply, as the Japanese Nikkei index fell by 1% while the Hang Sang index fell by 1.65%.

The US dollar continued to consolidate towards the end of June and the second quarter of 2022 and rose again against all currencies without exception.

Wednesday 29.6.2022 will be significant as investors focus on German and Spanish inflation data and UK mortgage numbers. They are also awaiting the OPEC meeting, which is in Ecuador, to discuss the export agreement and production levels, coinciding with the crises and turmoil that Libya is witnessing.

Federal Reserve Chairman Jerome Powell is scheduled to speak at a panel discussion entitled Policy Board at the European Central Bank Forum.

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