US and European stocks fell

VTV.vn - In last night's trading session Vietnam time, US stocks started the new trading week with a slight decrease.

Wall Street loses momentum as cautious investors await more US economic data

The decline came amid new data showing tariffs continue to negatively impact the US manufacturing sector.

At the close, the Dow Jones Industrial Average fell more than 400 points, while the S&P 500 and Nasdaq also ended their five-session winning streak. Investors were generally cautious after the Institute for Supply Management (ISM) released a report showing that the US manufacturing Purchasing Managers' Index (PMI) continued to shrink for the ninth consecutive month in November, reflecting a decline in orders and high costs due to the impact of tariffs. The sharp decline in the cryptocurrency market also affected investor sentiment.

In Europe, most major stock markets also opened December in the red, pushing the region's STOXX 600 index down 0.2%. Airbus shares fell nearly 6% on concerns about technical faults in its A320 aircraft.

The main factor driving markets this session is the Fed's interest rate expectations. Markets are now pricing in a nearly 90% chance that the Fed will cut interest rates for the third time in a row on December 10. Against that backdrop, traders are closely watching data on private sector employment, service activity and the Personal Consumption Expenditures (PCE) Index - the Fed's preferred inflation measure - all scheduled for release this week.

Expectations for an early rate cut by the Fed have soared since late November, after some policymakers expressed more concern about a weakening labor market than about persistently high inflation. Further bolstering those hopes was a survey released by the Institute for Supply Management (ISM) on December 1 showing its manufacturing index fell for the ninth straight month, to 48.2 from 48.7.

Source: https://vtv.vn/chung-khoan-my-chau-au-giam-diem-100251202100605697.htm