Stock blog: real estate slump in China hurts Wall Street little

Stock blog: real estate slump in China hurts Wall Street little

At around 7.30 pm (Dutch time), the Dow Jones and the S&P 500 are virtually unchanged. The AEX ends with a minus of 1.1% at a position of 791.45 points.

In the US, the 10-year yield is now at more than 1.4%, against 1.31% on Thursday morning. Higher interest rates make bonds relatively more attractive compared to equities. It also appears that Evergrande has not yet fulfilled its promise of an interest payment to bondholders.

Majorel is remarkably hard on its stock market debut with a loss of 5.5%. Fortunately, the call center service provider did not offer retail investors the opportunity to subscribe for $33.

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Stock blog: real estate slump in China hurts Wall Street little | Financial
Source link Stock blog: real estate slump in China hurts Wall Street little | Financial

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