- Eurozone contracts by 3.6% in first quarter as household spending, investment and exports plummet
- German and French exports slump in April
- Asian markets rise for ninth session on economic recovery hopes
Connor Campbell, financial analyst at trading platform Spreadex, says:
All this comes after a stellar Monday session in the US, one that saw the Nasdaq hit an all-time high and the Dow Jones reach a 15-week peak.
Those long- and short-term records, however, may well have inspired Tuesday’s losses. Investors might be questioning the wisdom of such highs in a world still very firmly in the middle of a pandemic.
Wall Street has fallen at the open, ahead of the Fed meeting.