London — Global stocks fell on Monday as investors braced for the last round of transatlantic interest rate hikes this year from a trio of central banks, hoping that a hitherto hefty pace of increases in borrowing costs will finally show signs of easing.
The MSCI all country stock index was down 0.3%, the benchmark having lost about 18% so far this year, wiping out all gains chalked up in 2021.Economists expect the Federal Reserve on Wednesday, and the European Central Bank and Bank of England on Thursday to all raise rates by 50 basis points, still a slowing down from the 75 basis point hikes seen in recent meetings.
But irrespective of the CPI, deflationary pressures are increasing, with crude oil prices down for the year, and iron ore, lumber and house prices also down, Spencer said. “We also want to understand if Jay Powell opens the door to a slowdown to a 25bp hiking pace from February — again, while in line with market pricing, this could be taken that we're closer to the end of the hiking cycle and is a modest USD negative,” said Chris Weston, head of research at Pepperstone.
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.
Source: BISouthAfrica - 🏆 34. / 51 Read more »