The world's largest stock market, Wall Street in the United States (US) returned to trading after the Labor Day holiday, but strong economic data changed market sentiment.
The reading of the PMI service data of the ISM survey in the United States (US) saw a strong post for 2 months in a row suggesting that the economy is growing well, thus confirming the forecast of more aggressive interest rate hikes.
Earlier, the Chairman of the Federal Reserve (Fed) gave an impression of a rate increase as high as 75 basis points to reach a range of 3% to 3.25%.
On those factors the Dow Jones Industrial index fell 0.55% at 31,145.3, the S&P 500 lost 0.41% at 3,908 and the Nasdaq Composite lost 0.74% at 11,544.91.
In the European zone, the STOXX 600 index rose 0.24% while the MSCI gauge of global shares fell 0.47%.
Covering the Asian region, Japan's Nikkei 225 fell 0.41% while the Topix was down 0.37% while South Korea's Kospi fell 0.73% and the S&P/ASX 200 fell 0.47%.
In the meantime, sentiment is expected to be gloomy with the Fed and the European Central Bank set to hold a conference later this week.
The currency summary showed the dollar index strengthening 0.6% while the Euro fell 0.27% at $0.9899 while the Japanese Yen weakened 1.53% at $142.80 and the Pound gained 0.03% at $1.1516 after Liz Truss became the latest UK Prime Minister.
Bond yield movements also surged as the 10-year Treasury yield rose 3.353% while the 30-year Treasury yield jumped 3.484%.
As for commodities, Brent oil prices fell 3% at $92.83 and WTI was down at $86.88 while spot gold was down 0.6% at $1,700.37 an ounce.
