Declines on Wall Street after weaker than expected data from the global economy – Onet.pl

At the close the Dow Jones Industrial fell by 0.92 per cent., To 17568.40 points.

S & amp; P 500 lost 1.07 percent. and amounted to 2,079.65 points.

Nasdaq Comp. It fell by 1.12 per cent. and amounted to 5,088.63 points.

Friday brought the publication of the PMI indices of the largest economies in the world. Most readings indexes pointed to a lower activity than is assumed economists.

The index for euro zone stood at 52, 2 points. to 52.5 points. at the end of the previous month and the expected 52.5 pts., and for services it was equal to 53.8 points. to 54.4 points. in June and expected the market 54.2 points.

Weaker-than-expected Chinese PMI was also in the industry . Reading index surprised the market falling to 48.2 points. with 49.4 points. at the end of June. This is the lowest figure in 15 months, and also the fifth consecutive reading below 50 pts., Which means shrinkage of the sector.

In the meanwhile, pointed to a slight increase in the PMI in the US manufacturing sector. His preliminary reading for July was at 53.8 points. Analysts had expected the July index at 53.6 points. In June the index stood at 53.6 points.

disappointed, however, data from the US real estate market. Sales of new homes in the US in June amounted to 482 thousand. on an annual basis and it was the weakest reading rate from 7 months. Analysts had expected new home sales will reach 548 thousand. A month earlier, it reported 517 thousand. when adjusted to 546 thousand. before the correction.

Weaker-than-expected macroeconomic data resulted in a deepening depreciation of raw materials. Copper prices were in session at its lowest level since 2009. Gold is the cheapest in five years. Also continued to plunge in oil.

In the wake of falling commodity prices falling share prices of mining companies and fuel. Also falling trading companies in the biotechnology after a poor quarterly results showed one of the largest US companies in this sector, Biogen.

On the other side of the market was while Amazon, whose course was gaining strongly after much better than expected quarterly results. The company reported a second-quarter profit of 19 cents per share, while the market expected it would be a loss of 14 cents. Much better than expected was also the company’s revenues.

depreciated shares in companies from the health insurance company Cigna. after the market released information about the takeover of the company by an opponent of the industry’s Anthem, the value of the transaction is valued at approximately $ 50 billion.