London, Tuesday, 10 May 2022
US Markets Summary
Concerns over rising inflation and interest rates led to mixed results for US markets on Tuesday.
Concerns about high interest rates and China's pandemic measures are dominating the markets.
Investors focused on discussions that monetary policy tightening would have to become harder in the face of rising inflationary pressures.
The blue-chip Dow Jones Industrial Average concluded the day at 32,160, down 0.26 percent or 84.96 points.
The Nasdaq Composite rose about 114.42 points, or 0.98 percent, to 11,737.
The major European indices gained ground on the second trading day of the week.
European Markets Summary
The major European indices gained ground on the second trading day of the week.
On Tuesday, the STOXX Europe 600 gained 2.83 points, or 0.68 percent, to close at 420.29, representing nearly 90% of the market capitalisation of the European market in 17 nations.
At the closing, the FTSE 100 index in the United Kingdom was up 26.64 points, or 0.37 percent, to 7,243 points.
The DAX 30 in Germany gained 1.15 percent, or 154.07 points, to 13,534, while the CAC 40 in France gained 0.51 percent, or 30.89 points, to 6,116.
The FTSE MIB in Italy rose 237.22 points, or 1.04 percent, to settle at 23,069, while the IBEX 35 in Spain remained unchanged at 8,139 points.
(Written and edited by: The Decision Maker)
