Global stock markets closed the day with a negative trend in line with an increase in risk aversion levels following uncertainty regarding the nuclear agreement, which could increase geopolitical tensions in the Middle East. US stock indices closed in the red in response to the surprising drop in retail sales in February (-0.1% m/m) and expectations of the Fed's monetary policy stance. The Dow Jones Industrial Average fell 1%, influenced by the poor performance of industrial sector stocks, such as Boeing, which fell 2.5% due to trade tensions between the US and China. Similarly, the S&P 500 Index closed below its 50-day moving average (2,747), down 0.6%, influenced by a 20.23% drop in shares of Signet Jewelers.
European stock markets closed mixed after reports that Eurozone industrial production slowed significantly in January, falling from 5.3% to 2.7% year-on-year. The Frankfurt Stock Exchange (DAX) index gained 0.14% in response to gains in the consumer goods and utilities sector; the best-performing stock within the index was Adidas, which rose 11.18%. However, the London Stock Exchange (FTSE 100) index fell 0.09%, influenced by the poor performance of the energy sector.
See more
