Asian shares lower as sentiments get dragged by Wall Street
Mar 06, 2018, 01:17
The Standard & Poor's 500-stock index dropped 1.1 percent Wednesday.
Industrial companies that could be hurt by higher steel prices fell.
On Tuesday, Powell said in his first monetary policy testimony that despite the stockmarket's recent volatility, Fed governors still plan on hiking rates multiple times throughout 2018. Analysts and traders have cautioned that much of the turbulence this week may stem from market positioning as much as a substantial change of tack by Powell. The Nasdaq fell 92 points, or 1.3 percent, to 7,180.
Technology companies and drugmakers also fell, as they make much of their revenue outside the USA and could be vulnerable if other countries respond with tariffs of their own.
The net proceeds from the rights offering, along with additional borrowings under the revolving credit facility, will be used to repay in full the company's second-lien term loan, on which it is now in default.
Following weak leads from USA markets, the Australian share market looks set to open lower.
"The members of the S&P 500 has become quite globalized, and one may argue that most of the things that have benefited this bull market have been globalization-related", Michael O'Rourke, JonesTrading chief market strategist, said by phone.
The Nasdaq futures are down more than 53 points.
The S&P 500 fell for a third straight day after President Donald Trump said the USA would slap tariffs on steel and aluminum.
On the corporate front this morning, retailers have been hogging the spotlight.
Berkshire Hathaway gained 4 per cent after Warren Buffett said his conglomerate, which is sitting on US$116 billion of cash, is "more inclined" to repurchase stock than pay dividends as a means to use excess cash.
Excluding one-off charges and adjustments, earnings per share were positive at US$1.26.
The ASX 200 year to date was down 0.8% at the end of February - yesterday's fall took that to 1.5% and today's drop could push it well past 2%. The chief executive officer of the marijuana producer said the company would list on the U.S. Nasdaq exchange "in due course".
The shares were down 7.4% at US$42.50 ahead of the start of open outcry trading.
Revenue rose to US$4.03bn from US$3.96bn the year before and was roughly in line with expectations.
In a big week for retail earnings, Kohl's Corp reported fourth-quarter comparable sales growth that was a shade above analysts' estimate and provided an upbeat 2018 earnings outlook.
Andy King, who scored his first Swansea goal in the win over the Hammers , said: "They were brilliant, they don't stop running". Everton's misery was compounded when defender Ashley Williams was sent- off late on for elbowing Barnes. "We have more to do".
Sometime after midnight police took 19-year-old James Eric Davis into custody said an officer with Mount Pleasant Public Safety. The police took him to McLaren Central Michigan hospital in Mount Pleasant, Michigan and handed him over to the medical staff.
A big factor in the Celtics' offensive surge has been their ability to shoot the ball well from the floor and from 3-point range. Harden, the NBA's leading scorer, comes into Saturday's game averaging 31 points per game and almost nine assists per game.
As the snobbish Winchester, Stiers was a ideal foil for Alan Alda's lovable, wise-cracking character Hawkeye Pierce. Emmy Award-winning actor David Ogden Stiers has died at his OR home, following a battle with bladder cancer.
Bannister, who went on to pursue a long and distinguished medical career, had been slowed by Parkinson's disease in recent years. He was "surrounded by his family who were as loved by him, as he was loved by them", the statement said.
Thankfully, Samsung still includes its own email, calendar, contacts, image gallery, music player, and web browser software. This functionality encourages creativity and it will be interesting to see what people do with this capability.
Legislation to increase school safety and restrict gun purchases is going to Florida's Senate for a vote this week. Rick Scott has proclaimed February 14 as Marjory Stoneman Douglas High School Remembrance Day in Florida .
A few heavyweights outside of the title picture will hit the Octagon in Andrei Arlovski and Stefan Struve. She then went on to compete in rukoposhnomu fights, where she apparently went undefeated.
Son sinks Huddersfield as Spurs build on incredible record
Spurs responded and won a corner in the third minute, but it came to nothing and the game showed no signs of settling down. The South Korean said Tottenham thrived from playing at their temporary home after taking some time to settle in.
Ryan Seacrest faces sexual abuse claims
I didn't know what was happening. "You are a privilege to work with and I adore you", Kelly said of Ryan on March 1. She had to make a decision and rally around him ".