The global stock market continued the downward trend on Monday. S&P 500 -index ended down 2,08 % to 2545 points and Dow Jones -index 2,11 % to 23592 points. Tech-index Nasdaq ended down 2,27 % to 6753 points.
Global economic growth concerns continued in the markets. Markets were also looking at the Federal Reserve meeting this week about the future interest rates.
France decided to introduce the digital tax, starting from the January 1st. This means that big tech-companies must pay “digital tax” from their revenues. This will be implemented to big tech companies like Apple, Google, Facebook and Amazon. France expects that the tax will be about 500 million euros a year.
In Europe the stocks were also down. In Germany the Dax-index was down 0,86 % to 10772 points, in France, Paris the CAC 40 -index ended down 1,11 % to 4799 points and in London City, the FTSE 100-index was ended down 1,05 % to 6773 points.
The Bank of England´s governor Mark Carney told to FT, that he is considering of green stress tests for banks. This would mean that the national banks would be tested how they can manage Climate Change risks and opportunities in their operations.
According to the bank survey, only 10 % of the banks were taking long enough view of the climate related issues. The final decision of the green stress test will be made by the central bank´s financial policy commitee.
In the Brexit-update, the UK Prime Minister Theresa May told that the vote about the Brexit-deal would happen in mid January in the Parliament.
In Asia, Nikkei 225 index was among the few indexes to gain on Monday trading. It ended up 0,62 % to 21506 points., In Hong Kong the Hang Seng index ended down 0,03 % to 26 087 points.
Euro was unchanged at 1,13 dollars.