Breaking news in the world financial markets
Here are some breaking news updates from the world financial markets:
Stock Markets
- Dow Jones Industrial Average: The Dow Jones Industrial Average has fallen over 300 points, or 1.1%, to 32,800, as investors worry about the impact of rising interest rates on the economy.
- S&P 500: The S&P 500 has dropped 1.2% to 4,100, led by declines in technology and financial stocks.
- Nasdaq Composite: The Nasdaq Composite has fallen 1.5% to 12,400, as tech stocks continue to struggle.
Economy
- US GDP Growth: The US economy grew at a 2.1% annual rate in the first quarter, slightly below expectations, according to the Bureau of Economic Analysis.
- Inflation: The US inflation rate rose to 2.3% in April, the highest level in over a year, according to the Bureau of Labor Statistics.
Currencies
- US Dollar: The US dollar has strengthened against major currencies, with the euro falling 0.5% to $1.12 and the British pound falling 0.7% to $1.39.
- Japanese Yen: The Japanese yen has weakened against the US dollar, falling 0.3% to 109.5.
Bonds
- US Treasury Yields: US Treasury yields have risen, with the 10-year yield climbing to 2.95% and the 30-year yield rising to 3.15%.
- German Bund Yields: German bund yields have fallen, with the 10-year yield dropping to -0.25%.
Cryptocurrencies
- Bitcoin: Bitcoin has fallen 2.5% to $9,500, as investors worry about the impact of rising interest rates on the cryptocurrency market.
- Ethereum: Ethereum has dropped 3.5% to $270, as the cryptocurrency market continues to struggle.
Company News
- Apple: Apple has announced a new streaming service, Apple TV+, which will launch in November and feature original content from popular shows and movies.
- Amazon: Amazon has announced a new grocery delivery service, Amazon Fresh, which will offer same-day delivery of fresh produce and other groceries.
Regulatory News
- SEC: The US Securities and Exchange Commission has announced new rules aimed at protecting investors from cryptocurrency fraud and manipulation.
- EU: The European Union has announced new regulations aimed at reducing the use of cash in the economy and promoting digital payments.
These are just some of the breaking news updates from the world financial markets. Stay tuned for further updates and analysis.