Stock Market Update
18-Aug-26 09:05 ET
Global markets mostly lower
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -34.00. Nasdaq futures vs fair value: -353.00.
The S&P 500 futures currently trade 34 points below fair value.
Equity indices in the Asia-Pacific region ended Tuesday on a mixed note with South Korea's Kospi (-1.6%) approaching a five-week high before reversing. Investor sentiment was hurt by news that a ship traversing the Strait of Hormuz was hit by a missile. South Korea is reportedly discussing military cooperation with U.S. forces in the Middle East. There are growing concerns that China's consumer subsidies pulled past demand forward rather than create sustainable growth. China's National Bureau of Statistics expects CPI to continue increasing mildly in the second half.
- In economic data:
- Australia's August Westpac Consumer Sentiment 6.0% (last 4.1%)
---Equity Markets---
- Japan's Nikkei: -2.5%
- Hong Kong's Hang Seng: +0.1%
- China's Shanghai Composite: +0.2%
- India's Sensex: -0.6%
- South Korea's Kospi: -1.6%
- Australia's ASX All Ordinaries: -0.1%
Major European indices trade on a mostly lower note after it was reported that a ship traversing the Strait of Hormuz was hit by a missile. Technology stocks are under pressure while energy names outperform. European Central Bank Chief Economist Lane said that inflation is expected to remain around 3.0% for the remainder of the year. Germany's ZEW Economic Sentiment for August (34.2; expected 30.1) beat expectations, reflecting benefit from infrastructure spending.
- In economic data:
- Eurozone's August ZEW Economic Sentiment 31.4 (expected 25.9; last 23.4)
- Germany's August ZEW Economic Sentiment 34.2 (expected 30.1; last 26.3) and ZEW Current Conditions -61.1 (expected -68.8; last -77.6)
- U.K.'s June three-month Employment Change 83,000 (last 147,000), June Average Earnings Index + Bonus 4.1% yr/yr (expected 4.0%; last 4.4%), June Unemployment Rate 4.9% (expected 4.8%; last 4.9%). July Claimant Count Change -11,000 (expected 16,500; last -6,400). Q1 Labor Productivity 0.5% (expected -0.5%; last -0.7%)
---Equity Markets---
- STOXX Europe 600: -0.5%
- Germany's DAX: -0.4%
- U.K.'s FTSE 100: +0.1%
- France's CAC 40: -0.4%
- Italy's FTSE MIB: -0.6%
- Spain's IBEX 35: +0.3%
Major European indices trade on a mostly lower note after it was reported that a ship traversing the Strait of Hormuz was hit by a missile. Technology stocks are under pressure while energy names outperform. European Central Bank Chief Economist Lane said that inflation is expected to remain around 3.0% for the remainder of the year. Germany's ZEW Economic Sentiment for August (34.2; expected 30.1) beat expectations, reflecting benefit from infrastructure spending.
- In economic data:
- Eurozone's August ZEW Economic Sentiment 31.4 (expected 25.9; last 23.4)
- Germany's August ZEW Economic Sentiment 34.2 (expected 30.1; last 26.3) and ZEW Current Conditions -61.1 (expected -68.8; last -77.6)
- U.K.'s June three-month Employment Change 83,000 (last 147,000), June Average Earnings Index + Bonus 4.1% yr/yr (expected 4.0%; last 4.4%), June Unemployment Rate 4.9% (expected 4.8%; last 4.9%). July Claimant Count Change -11,000 (expected 16,500; last -6,400). Q1 Labor Productivity 0.5% (expected -0.5%; last -0.7%)
---Equity Markets---
- STOXX Europe 600: -0.4%
- Germany's DAX: -0.5%
- U.K.'s FTSE 100: +0.3%
- France's CAC 40: -0.4%
- Italy's FTSE MIB: -0.5%
- Spain's IBEX 35: +0.4%
