本帖最后由 纵览全局 于 2014-10-15 21:58 编辑
A slump in oil prices, weaker U.S. economic data and even more poor European omens proved a weighty trio of concerns on Wednesday, leading to punishing stock losses on Wall Street. The S&P 500 tumbled 2.1%, the Nasdaq cratered 2.05%, and the Dow Average Industrial Average gave up 2.1%. Stocks are now lower for the year.
U.S. retail sales for September slipped at a worse-than-expected rate of 0.3% month on month; it's the first drop since January. Analysts had expected a decline of 0.1%. The figures were an improvement year on year, though, up 4.5% from the prior September.
Likewise, the producer price index for September fell 0.1% compared to expectations for a 0.1% gain. It was the first fall in more than a year and could spark worries inflation isn't increasing as expected. The inflation rate is currently beneath the Federal Reserve's 2% target rate.
Investors were also digesting more data out of the eurozone indicative of deflationary concerns. Germany, Europe's largest economy, reported its consumer price index rose only 0.8% year on year for a third straight month.
European markets sold off with Germany's DAX plunging 2.16%, London's FTSE tanking 1.68%, and France's CAC 40 crumbling 2.1%. Last week, the International Monetary Fund cut its 2014 global growth forecast, citing softness in the eurozone as cause for concern. |