News Formal

Global stocks slide for 3rd day on economic growth fears

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 99%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Global stocks fell for a third day Friday after more rate hikes by the U.S. Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession.

London and Frankfurt opened lower. Shanghai, Hong Kong and Seoul declined. Oil prices fell by more than $1 per barrel. Japanese markets were closed for a holiday.

In early trading, the FTSE 100 in London lost 0.6% to 7,127.70 and the DAX in Frankfurt shed 0.3% to 12,490.55. The CAC 40 in Paris was 0.2% lower at 5,905.20. Also Friday, Vietnam's central bank raised a key lending rate by a full 1 percentage point, surprising forecasters. The State Bank of Vietnam appeared to be trying to cool inflation while also discouraging a capital outflow in search of higher interest rates abroad.

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:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Global Business Forum talks opportunity in a changing global orderNow is a time of opportunity for Canada and the West in the face of international upheaval, the Global Business Forum heard Thursday.
Source: calgarysun - 🏆 63. / 52 Read more »

Global Business Forum talks opportunity in a changing global orderNow is a time of opportunity for Canada and the West in the face of international upheaval, the Global Business Forum heard Thursday.
Source: calgaryherald - 🏆 64. / 52 Read more »