Global stocks slide as growth and inflation fears mount

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 77%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Global stocks slide as growth and inflation fears mount via IrishTimesBiz

Global equities came under renewed pressure and government bonds rallied on Thursday, after poorer than expected US inflation data and signs of a Chinese slowdown stoked fears for the world economy.

The consumer price index published on Wednesday showed an 8.3 per cent rise on an annual basis in April. That was down from 8.5 per cent in March but above the 8.1 per cent figure anticipated by economists. She added that global growth was also under pressure from declining pandemic-era fiscal support, supply chain bottlenecks and a slowdown in China driven by stringent coronavirus lockdowns. “That’s a gloomy environment for markets,” she said.

Sterling fell 0.6 per cent against the dollar, touching a two-year low as data showing that the UK economy unexpectedly shrank for the first time this year added further pressure on the nation’s currency.

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:

 /  🏆 6. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Making it Work: Sim Local goes global with new tech that allows travellers to avoid costly roaming charges | Business PostSim Local, the Irish-headquartered sim card retailer, expects to triple its business in the next four years after developing technology it claims will make it easier than ever for international travellers to avoid expensive roaming charges.
Source: businessposthq - 🏆 8. / 71 Read more »