European markets opened lower on Tuesday, with the pan-European Stoxx 600 down 0.23% in opening trade. The U.K.’s FTSE 100, Germany’s DAX, France’s CAC, and Italy’s MIB were all trading lower as well. This decline comes after positive momentum over the past few days faltered, causing major bourses and sectors to be in the red.
In other news, India stocks fell as vote counting for the 2024 election began, and South Korea saw its consumer inflation rise at the slowest pace in 10 months. Meanwhile, Goldman Sachs vice chairman Robert Kaplan stated that he does not foresee a rate cut until at least September unless something “shocking” occurs.
GameStop experienced a rise in after-hours trading following a Reddit post, and futures contracts for the Dow, S&P 500, and Nasdaq 100 opened little changed on Monday evening. Overall, the global markets are facing uncertainty and challenges as investors navigate through various economic factors.
Vocabulary List:
- Momentum (noun): The force or speed of movement impetus.
- Bourses (noun): Stock exchangesespecially in European cities.
- Inflation (noun): The rate at which the general level of prices for goods and services risescausing purchasing power to fall.
- Foresee (verb): To know in advance to anticipate or expect.
- Uncertainty (noun): The state of being unsure or unclear about something.
- Navigate (verb): To find your way over or through an area or place.
