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Global stocks slide as traders bet on more hikes - BNN Bloomberg

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Stocks fell with bonds on signs that central banks will keep driving up interest rates to tame inflation.

Europe's Stoxx 600 index sank the most in two weeks. Contracts on U.S. gauges signaled further losses on Wall Street after Wednesday's Federal Reserve commentary stoked worries that officials will resume tightening policy.

Stocks are losing ground after a strong first half of the year as continued hawkishness from central banks damps hopes of a soft landing for the global economy. Minutes from the Fed's June meeting showed division among policymakers over the decision to pause rate hikes, with the voting members on track to take rates higher this month.

U.S. employment reports this week may provide clues on the path for policy. Ahead of the closely watched nonfarm payrolls release on Friday, the so-called JOLTS report of job openings is expected to show a tapering of available positions, and a separate measure of jobless claims is anticipated to tick higher.

 

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