US Ambassador Meets Russian Officials on Ukraine
The US Ambassador to Moscow, Lynne Tracy, visited Russia’s Foreign Ministry on February 11
Shares on Wall Street fell amid a gloomy mood among investors, AFP reported. More experts are predicting a recession and markets await key economic data and earnings later in the week.
Market watchers pointed to continued concern over interest rate hikes by central banks.
More and more analysts are also predicting a decline in corporate profits in the coming quarters.
Oxford Economics' "baseline" forecast "now projects a global recession starting in the fourth quarter of 2022 and featuring three consecutive quarters of negative growth in global GDP per capita," the consultancy said in a statement.
The industrial index Dow Jones Industrial Average ended with a decrease of 0.5% at the level of 32,757.54 points.
The broad-based S&P 500 fell 0.9 percent to 3,817.66, and the technology-heavy Nasdaq Composite dropped 1.5 percent to 10,546.03.
Large tech stocks were generally lower, including Amazon down 3.4% and Meta down 4.1%.
This week's calendar includes data on durable goods and housing starts, as well as earnings from FedEx and Nike.
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The US Ambassador to Moscow, Lynne Tracy, visited Russia’s Foreign Ministry on February 11
The European Public Prosecutor’s Office has brought charges against the owner and manager of a company in connection with suspected fraud in a public procurement for trolleybuses in Vratsa, Bulgaria
The US administration under President Donald Trump has opted to pause the development of its proposed "peace plan" for Ukraine
A group of investors led by Elon Musk has submitted a USD 97.4 billion bid to acquire OpenAI's assets
U.S. President Donald Trump warned on Monday that Israel should resume military operations in Gaza if all hostages are not released by the end of the week
Romania’s President Klaus Iohannis announced his resignation on Monday, February 10, stating that he was stepping down to prevent the political crisis that would follow his possible suspension by Parliament
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