Global stocks sink on US inflation surge | The Guardian Nigeria News - Nigeria and World News

📆 11/02/2022 23:40:00
📰 GuardianNigeria

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 94%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

World stock markets fell Friday on fears the Federal Reserve will move more aggressively to tighten monetary policy to tame decades-high inflation.

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 4, 2021. REUTERS/Staff

In the eurozone, Frankfurt and Paris stocks banked lower, mirroring Asia after overnight Wall Street losses. Wall Street equities tumbled on Thursday as markets bet that the latest inflation data would spark swift action from the Fed. The St Louis Fed boss said he was in favour of a 50 basis point lift next month — double the usual rise and the first since 2000 — and two more after that.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Explore international market, export council tells Ayade | The Guardian Nigeria News - Nigeria and World NewsNigerian Export Promotion Council (NEPC) has called for deliberate policies and actions by Cross River State Government to complement Federal Government’s drive to place the state on global map for export trade.
Source: GuardianNigeria - 🏆 1. / 94 Read more »