Wall St posts fourth straight drop, Treasury yields rise as recession fears weigh - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

All three major US stock indexes ended near their session lows as investors resumed last week’s flight to safety, which was driven by recession worries and the Federal Reserve’s renewed vow to keep interest rates at restrictive levels until the inflation beast is tamed.

“The overwhelming theme of 2022 has been all about inflation and the Fed’s policy response,” said Huw Roberts, head of analytics at Quant Insight in London. “Just as markets get excited by a dovish pivot, are undone by policy tightening.” European shares regained some ground lost last week, with an assist from the energy sector as crude prices rose, reflecting hopes of demand recovery in China as Beijing relaxed COVID-19 restrictions.Emerging market stocks rose 0.02%.

De dollarization is happening all over the world. Many countries are NOT trading in dollars anymore.

ByeByeBrandon LetsGoBrandon

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