Stock markets: Wall Street closes sharply lower – DJ -0.97%, Nasdaq -1.34%
In Europe, the Milan Stock Exchange hits a new high, just shy of 52,600 points. SpaceX reverses course after a rally of almost 50 per cent
by Enrico Milele and Stefania Blasioli
(Il Sole 24 Ore Radiocor) - The European stock markets have halted their long rally, which had previously taken them to record highs, and for a day appear to have been held back by uncertainties surrounding the Fed and the US-Iran peace agreement.
According to forecasts, the US central bank did not adjust interest rates this evening, but market attention has been focused on the direction to be set by new chairman Kevin Warsh, who, at his first meeting, is set to scale back the so-called ‘forward guidance’, thereby ‘linking future interest rate decisions more closely to macroeconomic data’ as analysts point out.
On the geopolitical front, the spotlight is on the draft agreement between Washington and Tehran, covering everything from the lifting of the blockade of the Strait of Hormuz to Iran’s access to its ‘frozen’ assets, via the nuclear issue, with Donald Trump briefly reverting to a harsh tone: ‘If Iran doesn’t behave itself, we’ll go back to dropping bombs.’
On the Milan Stock Exchange, the FTSE MIB (+0.3%) has hit a new all-time high , just shy of 52,600 points, and is holding steady thanks to the banking sector.
Wall Street closes sharply lower, Dow down 0.97%, Nasdaq down 1.34%
