European shares open lower after US-led slide

Markets Right Now Dow down 500 as stocks sink steadily

Asian markets fell more sharply.

Belgium's Umicore jumped 7.8 percent after raising 892 million euros in equity for new investments in rechargeable battery materials at a discount of only 2.7 percent to Thursday's closing price.

Stocks are sliding further on Wall Street, putting the market on track for its second big weekly drop in a row.

In currency markets, the Canadian dollar closed at an average trading value of 79.46 cents USA, down 0.25 of a U.S. cent. The FTSE All Share and FTSE 250 indices were also showing losses of 0.8 per cent and 0.68 per cent respectively. Germany's DAX declined 2.6 percent.

European shares fell to their lowest level in nearly six months on Friday after a roller coaster week marred by a historic spike in volatility on worries a comeback of inflation would speed a shift to tighter monetary policies. Prior to the sell-off, the expectation was that a market dip was inevitable at some point as valuations became pricier, particularly in the US.

Two of the USA stock market's three major indexes are in correction territory now.

Investors anxious rising wages will hurt corporate profits and could signal an increase in inflation that could prompt the Federal Reserve to raise interest rates at a faster pace, putting a brake on the economy.

First quarter sales dropped to US$3.07bn, down from US$3.32bn, in the three months to December as film and theatre went down by 28% and 48% respectively, due to the number and mix of current quarter releases.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Markets are in a tizz about interest rates increasing more quickly than expected in the United States in 2018.

That sign of inflation has market participants anxious that the Federal Reserve will increase interest rates, perhaps more aggressively than the three rate hikes already expected for this year. Even with the rebound, this was the worst week for the market in about two years.

"In the absence of recession, a deep bear market is unlikely", he said.

Stocks aren't falling because investors have doubts about the economy. There are now a couple of bargains to be found in the Asia and emerging market sectors.

Volatility remained high compared to recent months. The renewed weakness in stocks only dragged the 10-year Treasury yield moderately lower to 2.82%.

Investors are concerned that tighter monetary policies could hit equities whose valuations have been boosted by years of loose financial conditions. Japan, for example, may now be worth a closer look. Those including technology companies, banks, and retailers and travel companies and homebuilders.

Machine-guided, numbers-obsessed fund managers may keep selling pressure on stocks this week as they come to terms with the market's wild trading.

Related News:

  • Tom Hardy's 'Venom' trailer released

    Tom Hardy's 'Venom' trailer released

    However, the first trailer for Venom movie offers very less information and teases some hints about the super hero's origin. Because of the Oscar pedigree of stars Hardy and Michelle Williams , Venom isn't at all like what you'd expect.
    Oklahoma Flu-Related Death Tally Rises To 129

    Oklahoma Flu-Related Death Tally Rises To 129

    The CDC recommends frequent hand washing and covering one's mouth during a cough or sneeze to help prevent the spread of the flu. Nationally, there have been more than 50 influenza-associated pediatric deaths reported during the 2017-2018 flu season.
    'Overwatch's' new Capture The Flag map and competitive mode is live

    'Overwatch's' new Capture The Flag map and competitive mode is live

    Most importantly, Blizzard has revealed the full list of brand new skins that will be available for the duration of the event. However, certain abilities that provide mobility or invulnerability, such as Winston's Leap, will not cause the flag to drop.
  • Winter storm crashes into Midwest

    Winter storm crashes into Midwest

    More than 200 flights were canceled at Detroit Metropolitan Airport in Romulus, Michigan, by early Friday . Weather service meteorologist Charles Mott said the morning rush in Chicago "is gonna be trouble".
    China Has Mixed Feelings About Elon Musk's Falcon Heavy Success

    China Has Mixed Feelings About Elon Musk's Falcon Heavy Success

    As its payload, the test rocket carried Elon Musk's Tesla Roadster and a dummy named "Starman" wearing one of SpaceX's spacesuits. It's also spending heavily on future vehicles, including a semi that's supposed to go into production next year.
    Flu still on the rise, hospitalizations high, CDC says

    Flu still on the rise, hospitalizations high, CDC says

    Children, the elderly, pregnant women and people whose immune systems are compromised are especially susceptible to the flu. State Health Commissioner Kris Box said Friday there are no signs Indiana's current severe flu season has peaked.
  • The Spice Girls Reunion Tour Is Actually, Really Happening

    The Spice Girls Reunion Tour Is Actually, Really Happening

    Simon Fuller , who made a lifetime's worth of loot as the creator of " American Idol ", will manage the group during the tour. Their sources say that each of the Beckham's does their own thing, but Victoria is bored living life on the sidelines.
    Major Shake-Up In The Predicted Ireland XV To Face Italy

    Major Shake-Up In The Predicted Ireland XV To Face Italy

    The back-row is set for a make-over, with Dan Leavy and Jack Conan expected to come in, as CJ Stander drops to the bench.
    US Air Force 'launches AIRSTRIKE on ROGUE SpaceX Falcon Heavy rocket'

    US Air Force 'launches AIRSTRIKE on ROGUE SpaceX Falcon Heavy rocket'

    The 230-foot-tall rocket has a liftoff thrust of 5 million pounds and can carry over 70 tons of payload into Low-Earth Orbit. Well true to his word, Musk has said that SpaceX will now start devoting all its resources into building the rocket.
  • Connelly: Trump sings praises of ex-aide accused of abusing ex-wives

    Connelly: Trump sings praises of ex-aide accused of abusing ex-wives

    Christie told ABC News in a Wednesday podcast that Porter's name never came up when he was in charge of Trump's transition team. Porter's former wives recounted physical, verbal and emotional abuse they say he subjected them to during their marriages.
    'Black Panther' Preview: Meet Michael B. Jordan's character Killmonger

    'Black Panther' Preview: Meet Michael B. Jordan's character Killmonger

    Let us know how excited you are for Black Panther by giving the movie your own ComicBook.com User Anticipation Rating below. He also uses Necropolis as a secret base of sorts, which eventually becomes a prison to the one and only Thanos.
    Frontier Airlines adds flights out of Milwaukee

    Frontier Airlines adds flights out of Milwaukee

    Headquartered in Denver, Frontier Airlines offers ultra low-cost fares starting as low as $39 one way. It will make Frontier the second largest carrier at JAX, based on the number of destinations served.


Most liked

Secret Apple Code Posted On Github
Potentially "the biggest leak in history", Apple has closely guarded the computer code that forms the bedrock of any iOS device. Apple tends to keep its source code secret because the code can provide insight into system vulnerabilities.

Pita Taufatofua, Tonga's Flag-Bearer, Is Still Shirtless And Shinier Than Ever
Without his shirt off, viewers may not be as excited to see Taufatofua at the Olympics . "I trained mainly on roller skis". He opted for the gruelling discipline of cross-country skiing because it was the "hardest" thing he could think of doing.

Team Canada names their leadership group for 2018 Olympics
The majority of the squad had been together for most of the year, criss-crossing Canada and Europe in preparation for Lillehammer. National Team that competed in the four-team Deutschland Cup in Augsburg, Germany . "Besides that, a lot of similarities".

Valencia 0 Barcelona 2 Copa del Rey (0-3 on aggregate)
Suarez also set up the second goal, finding Rakitic for an easy goal from inside the area after a breakaway in the 82nd minute. Coutinho's first goal for Liverpool came in their 5-0 win over Swansea City in January 2013, with Suarez setting him up.

Opposition can't stop PM Modi speech in the Lok Sabha
Interacting with people in their local language, the prime minister called for the change of CPI (M)-led state government. It has also been pointed out that sustaining it would require extensive amendments to the Constitution.

Eden Hazard insists he is "happy" at Chelsea amid Real Madrid talk
The Belgian goalkeeper spent three successful seasons at Atletico and even mocked Los Blancos during trophy celebrations. However, Jurgen Klopp can offer the Spain global Philippe Coutinho's place and regular first-team football.

Parents criticise Tokyo school's plan to adopt Giorgio Armani uniforms
Following backlash against the Armani uniforms, the headmaster shared a statement on the school's official website. In the letter, headmaster Toshitsugu Wada also hailed the school as a "landmark" in the area.

N KOREA holds military parade ahead of Winter Olympics
A bus last week took a team of reporters deep into the Demilitarized Zone (or DMZ) that divide North and South Korea. But privately, officials said Pence expressed concern to Moon about his more conciliatory tone toward North Korea.

Kylie Jenner Did Not Give Her Daughter Stormi Webster a Middle Name
They also definitely have the money to pay off anybody who threatens to reveal anything they don't want going public. There was plenty of romance and couple-time in the video , considering they have supposedly cooled off.

Boy with Down's Syndrome becomes face of U.S. baby food giant Gerber
Bill Partyka, CEO and president of Gerber , says Lucas's smile and happy expression captured the hearts of the Gerber team. - After a nationwide search, Gerber has found this year's Gerber Spokesbaby, 18-month-old Lucas Warren from Dalton, Ga.

Players must be responsible for Chelsea defeats: Gary Cahill
The gap (to the teams behind) is getting closer and closer. "Simply because it is imperative that Chelsea finish in the top four". Every manager will demand more money for players and swifter negotiations in the transfer market, as Conte did last summer.

Spirit Airlines allegedly told student to flush emotional support hamster down toilet
It's reported Spirit Air staff told Belen Aldecosea she couldn't board with Pebbles , despite being previously told she could. A representative for Spirit Airlines denied that an employee said to flush the emotional support animal .

Wenger responds to Dortmund's Aubameyang claims
Basically, we should have a similar squad to what we had last week against Everton . You have to find a good balance between being rational and emotional.

Bangladesh opposition leader jailed for 5 years for corruption
What will be the next possible steps for BNP? "It is too early to judge what impact this will have (on elections)", he added. If Zia's No. 2 man, gentle and well-educated Mirza Alamgir decides to contest, it will allow BNP to re-invent itself.

Jones puts pressure on 'third-choice' half
But not one of them is flyhalf Rhys Patchell, whom Jones has promised will be targeted. "It's not a great sight", Jones says. They have named an unchanged side with seven of the starting XV having never played an global at Twickenham before.