After skidding 90 percent this year, DIA is on track to be the worst performing Spanish stock in 2018. Shareholders have watched 2.4 billion euros ($2.7 billion) be wiped out, leaving the troubled retailer with a market value of 280 million euros, the lowest since its initial public offering back in 2011.
President Donald Trump issued a fresh appeal to the Federal Reserve to avoid making “yet another mistake” just hours before the central bank starts a two-day meeting at which it’s widely expected to raise interest rates.
The prolonged digital-asset slump is scaring off institutional players, according to JPMorgan Chase & Co., suggesting a fulcrum for cryptocurrency markets is giving way.
S&P futures are staging a very slight recovery after one of the worst two-day performances since October. Things may have gotten so bad (some are now comparing the fourth-quarter selloff to the Great Depression and Pearl Harbor!) that we may be setting up for an oversold bounce, which would give the bulls something to cheer about, however many of them are left.
Bonds of U.K. retailers extended declines on Tuesday as the industry’s crisis deepens in the run-up to the Christmas holiday.
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