Stocks eye steepest slide since 2020 as central bankers roil markets

World stocks whipsawed on Friday to edge closer to their worst week since markets’ pandemic meltdown in March 2020, as leading central banks tightened policy in an effort to tame inflation, setting investors on edge about future economic growth.

After a week of punchy moves across asset classes, world stocks were down 0.7% on Friday to take weekly losses to over 6%, and leave the index on course for the steepest weekly percentage drop in more than two years. “Our worst fears around the Fed have been confirmed: they fell way behind the curve and are now playing a dangerous game of catch up. We look for GDP growth to slow to almost zero, inflation to settle at around 3% and the Fed to hike rates above 4%.”

“The more aggressive line by central banks adds to headwinds for both economic growth and equities,” said Mark Haefele, Chief Investment Officer at UBS Global Wealth Management. “The risks of a recession are rising, while achieving a soft landing for the U.S. economy appears increasingly challenging.”

How sweet it is. Hope will collapse totally and we'll start a new , just. fair, equitable... socio-economic system good for all. Including the only planet we have and all living organisms on it, incl. Covid and its kids. After all. they are living things too.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks around the world are tanking today as recession fears spike after Fed hikeWells Fargo said the odds of a recession now stand at more than 50% Debt Market is exploding. Why Covid Money Printing and Economic Closure Inflation is NOT peaking, it has only just begun Intentionally done Already tanked lol
Source: nationalpost - 🏆 10. / 80 Read more »

These 10 TSX metals and mining stocks offer relative stability in a volatile sectorWe are looking for profitable picks amongst Canadian-listed metals and mining stocks
Source: globeandmail - 🏆 5. / 92 Read more »

Asian stocks follow Wall Street lower on economy fearsAsian stock markets followed Wall Street lower Friday on fears global economic activity will be depressed by interest rate hikes to cool inflation.
Source: CTVNews - 🏆 1. / 99 Read more »

Seven U.S. materials stocks holding their own in a volatile marketWe are looking for U.S.-listed stocks in the materials sector that offer attractive valuations and strong earnings momentum
Source: globeandmail - 🏆 5. / 92 Read more »

Canadian stocks fall most in 2 years, loonie dips on recession fearCanada\u0027s main stock index slumped on Thursday to its lowest level in 14 months and its currency weakened. 👍🏽👍🏽 Fear! fall! Dips! Oh my… another example of stellar yeller tabloid antics from the Vancouver Black Hole.
Source: VancouverSun - 🏆 49. / 61 Read more »