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NEW YORK (Reuters) – World equity markets and oil prices tumbled on Tuesday as investors grew more worried about economic growth prospects, while the U.S. dollar rose on flight to safe-haven currencies. U.S. stocks slid further best man cufflink uk sale. Shares of consumer discretionary companies plunged after several retailers, including Target Corp and Kohl’s Corp, gave underwhelming quarterly results and earnings forecasts. Shares of Apple Inc, dragged by softening demand for the iPhone, fell further after Goldman Sachs trimmed its price target for the stock for the second time in just over a week..
“It’s the market adjusting to an early 2019 that looks different from the months of 2018 in that there have been mounting concerns over global growth,” said Quincy Krosby, chief market strategist at Prudential Financial. Oil prices dropped more than 6 percent to mirror the stock sell-off as fears about slowing global demand and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC). Oil extended losses after U.S. President Donald Trump said the United States intends to remain a “steadfast partner” of Saudi Arabia even though “it could very well be” that Saudi Crown Prince Mohammed bin Salman knew about the killing of journalist Jamal Khashoggi best man cufflink uk sale. Heightened tensions between the two countries had raised concerns about possible supply disruptions..
U.S. crude futures slumped $3.77, or 6.59 percent, to settle at $53.43 a barrel. Brent crude futures settled $4.26 lower at $62.53 a barrel, down 6.38 percent. U.S best man cufflink uk sale. crude has now fallen more than 30 percent from a near four-year peak in early October. “When the stock market comes off 8 or 9 percent, it tends to conjure up images of a weak global economy and that feeds into expectations of weaker-than-expected oil demand,” said Jim Ritterbusch, president of Ritterbusch and Associates..
The dollar index, tracking the greenback against a basket of six major currencies, rose 0.7 percent. Other safe-haven currencies such as the yen and Swiss franc also gained. Keeping with the flight to safe-haven assets, the benchmark 10-year U.S. Treasury yield also touched a seven-week low, though it later rose above that level. The euro, by contrast, was down 0.72 percent to $1.1368, mirroring a sell-off in European stocks. The pan-European STOXX 600 ended 1.1 percent lower as shares of technology companies lagged. Shares of automakers extended their decline following the arrest of Renault SA and Nissan Motor Co Ltd chairman Carlos Ghosn for alleged financial misconduct best man cufflink uk sale.
(Reuters) – A U.S. judge overseeing the federal litigation against Bayer AG’s (BAYGn.DE) Monsanto unit over glyphosate-based weed-killers allegedly causing cancer on Tuesday selected the first case to be tried in federal court in February 2019. U.S. District Judge Vince Chaabria in San Francisco in an order said the case of California resident Edwin Hardeman will be the first out of more than 620 cases pending in the federal litigation to go to a jury best man cufflink uk sale. Hardeman’s case will mark the second trial in the U.S. litigation over glyphosate, after a California state court jury in August awarded $289 million to a school groundskeeper, finding Monsanto liable for the man’s cancer..