Inflation fears take toll on European stocks ahead of earnings | Malay Mail

BERLIN, Oct 12 — European shares fell today as investors worried that soaring commodity prices would hamper a recovery in corporate profit, with fresh signs of troubles at property developer China Evergrande also hitting confidence.

“Going into Q4 we’re usually quite strong but with earnings season and inflation combining at this point in time, we’re seeing risk-off,” said Chris Beauchamp, chief market analyst at online trader IG. Worries about soaring energy prices and other supply chain constraints have clouded the outlook for third-quarter earnings season as a post-lockdown momentum in the global economy cools and major central banks consider withdrawing stimulus.

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UK business minister defends wages stance, says BoE can handle inflation | Malay MailLONDON, Oct 10 — The British government is right to focus on driving up wages, business minister Kwasi Kwarteng said today, expressing confidence in the Bank of England’s ability to curb rising inflation. BoE governor Andrew Bailey has said he is concerned about inflation running above the...
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Wall Street ends choppy session lower on earnings jitters; financials down | Malay MailNEW YORK, Oct 12 — US stocks ended a choppy session lower yesterday as investors grew nervous ahead of third-quarter earnings reporting season. Supply chain problems and higher costs for energy and other things have fuelled concern about earnings, set to kick off with JPMorgan Chase & Co...
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