Equities markets decline worldwide

The New York equities markets were lower at midday on Tuesday ahead of Wednesday’s scheduled interest rate decision from the Federal Reserve. The Dow Jones Industrial Average had dropped 0.4 percent to 13,257.06, while the Nasdaq Composite was 0.4 percent lower to 2,559.85 and the S&P 500 had fallen 0.45 percent to 1,502.74. Steelmakers were higher on bids rumors, while the media sector was mixed. There were declines in the telecommunications sector.

In Australia, the Sydney Ordinaries dropped 0.45 percent to 6301. Meanwhile in Asia, the Sensex fell 0.82 percent to 13,765.46 in India. In Hong Kong, the Hang Seng index was 0.91 percent lower to 10,706.35. Meanwhile, the Straits Times index in Singapore was down 1.43 percent to 3,439.21.

The Tokyo markets fell as well, with the Nikkei 225 falling 0.07 percent to 17,656 and the Topix index 0.02 percent lower to 1,732.63. Declines in many sectors in Tokyo came as investors took profits after Monday’s gains. Components of the steel sector saw gains, however, as did the telecommunications sector.

The European markets were lower as well. The FTSE Eurofirst 300 fell 0.83 percent to 1,581.38, while the CAC-40 in Paris dropped 0.66 percent to 6,031.15 and Xetra Dax was 1.15 percent lower to 7,439.15 in Frankfurt. European carmakers were lower, as were some in the chemicals sector. Sportswear makers were mixed on quarterly results.

In London, meanwhile, the FTSE 100 was 0.8 percent lower to 6,550.6, while the FTSE 250 fell 0.86 percent to 12,105.5. Miners were lower on the session, as were some airlines, but there were gains in the retail sector and among media companies.

Story link: Equities markets decline worldwide