U.S. shares ended Tuesday in negative territory as investors, cut off from official economic data due to the ongoing government shutdown, looked to alternative indicators and comments from Federal Reserve officials for guidance on economic weakness and monetary policy.
A consumer expectations survey from the New York Federal Reserve showed worsening future expectations and rising inflation projections, drawing heightened attention amid the government’s seventh day of closure.
Economically sensitive sectors, including homebuilding, real estate, airlines, and transport, underperformed the broader market.
Federal Reserve Governor Stephen Miran emphasised the need for continued rate cuts while warning of the risks of keeping policy too restrictive.
The S&P 500 fell 25.69 points, or 0.38%, to 6,714.59, the Nasdaq Composite lost 153.30 points, or 0.67%, to 22,788.36, and the Dow Jones Industrial Average dropped 91.99 points, or 0.20%, to 46,602.98.
U.S. President Donald Trump said on Tuesday Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian...
The Democratic Republic of Congo has recorded more than 1,000 confirmed Ebola cases for the first time in the current outbreak, with infections rising...
Belgium has issued 24-hour visas to a Taliban delegation attending European Union migration talks in Brussels, as EU member states explore ways to ret...
Peter Murrell, the former chief executive of Scotland's governing Scottish National Party (SNP), has been jailed for five years and three months after...
Germany is preparing for one of the most significant reforms of its pension system in decades, as Chancellor Friedrich Merz backs proposals aimed at s...
U.S. President Donald Trump said on Tuesday Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian assets would be used to buy humanitarian supplies from the United States.
Belgium has issued 24-hour visas to a Taliban delegation attending European Union migration talks in Brussels, as EU member states explore ways to return some Afghans convicted of serious crimes or considered security threats.
Peter Murrell, the former chief executive of Scotland's governing Scottish National Party (SNP), has been jailed for five years and three months after admitting to embezzling more than £400,000 from the party over a 13-year period
Germany is preparing for one of the most significant reforms of its pension system in decades, as Chancellor Friedrich Merz backs proposals aimed at safeguarding retirement incomes in the face of rapid demographic change.
At least thirteen people have died and sixty-six have been injured following an explosion at Qatar's main liquefied natural gas (LNG) processing hub at Ras Laffan, authorities said on Sunday.
Cape Verde’s remarkable FIFA World Cup debut continued on Sunday (21 June) as the tournament newcomers held Uruguay to a 2-2 draw. Goalkeeper Vozinha was once again at the centre of the story, this time with his mother watching from the stands.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
Armenia and Azerbaijan have agreed on a landmark internet deal that will allow traffic to pass through Azerbaijani networks.It's the latest deal to highlight the ongoing peace process between the two countries.
Three students have been killed and at least seven injured after two of their peers opened fire in a high school in the Philippines, police said. A spokesperson for the police said the two suspects, aged 14 and 15, had been arrested and a police pistol confiscated. Bullying is a possible motive.
China has opened its market to cashew nuts from all African countries with diplomatic relations with Beijing, removing a long-standing barrier that had restricted exports from much of the world's largest cashew-producing continent.
Media leaders from across Europe gathered in Vienna this week for the annual European Publishing Congress.
Amazon founder Jeff Bezos has said artificial intelligence will ultimately lead to labour shortages rather than widespread unemployment, pushing back against growing fears that AI will replace human workers.
French department store BHV and online fast-fashion retailer Shein have ended their partnership, seven months after the launch of a permanent Shein shop in Paris triggered controversy and widespread criticism.
China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, signaling further weakness in the world’s second-largest economy.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment