The JSE's All Share index lost another 2% on Monday morning amid a global market sell-off. The index is now 10% lower than at the start of 2022.
European stocks tumbled to three-month lows on Monday, dragged down by technology and travel stocks, while Asian markets closed sharply lower. Emerging market stocks hit their lowest in more than two weeks. "We have a lot of uncertainty... less growth, more inflation combined with concerns about central banks hitting the brakes quite hard," said Elwin de Groot, senior market economist at Rabobank.The pan-European STOXX 600 index fell 1.9% to its lowest since March 8 - and has now shed nearly 17% since hitting a record high in January as fears about soaring inflation, policy tightening by central banks, and recent Covid-19 curbs in China raised worries about a potential recession.
As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »