European stocks dip as investors brace for US rate hike, global slowdown

16 September 2022 - 11:56London — European stocks dipped on Friday and Europe’s benchmark German 10-year bond yield hit its highest since mid-June as investors braced for a US rate hike, while warnings from the World Bank and the International Monetary Fund fanned fears of a slowdown.

The downbeat tone continued during Asian trading, with data showing that China’s property sector had contracted further last month. Markets priced in a 75% chance of a 75-basis-point rate hike and a 25% chance of 100 bps when the Fed meets next Wednesday. “I expect stocks to head back down to below their March lows. If you are in an environment where you have central banks that aggressively raise rates, historically this has always led to bear markets.”The US dollar index was up 0.3% at 110.13, still hovering near a 20-year high, and steady against the yen at 143.365.

Lockdown prophets should be sent to salt mines

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.

Global stocks drift as rate hike fears keeps bears prowlingDollar and bond yields edge higher on the likelihood of a further jump in global borrowing costs, including a possible 100 basis-point US rate hike next week As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive, until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo.
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Global markets: Stocks subdued by rate hike risks, yen steadyAsia’s stock markets were steady but fragile on Thursday, a day after their biggest drawdown in three months as investors weighed the risk of the Federal Reserve announcing a 100 basis point interest rate hike next week to tackle sticky inflation.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Gold Plunges to Lowest in Two Years Amid Fed Rate-Hike BetsGold fell to the lowest since April 2020 amid expectations of more aggressive interest-rate hikes by the Federal Reserve despite a fresh round of mixed US data. Now is the time to buy! 😀👍
Source: dailymaverick - 🏆 3. / 84 Read more »

Asian stocks tread water as investors await Fed’s rate decisionReports of planned state support for China’s property sector lifted a Hong Kong index of mainland developers I'm happy to join those who are sharing the good news about harper_parksfx I'm not persuading anyone to trade with her but i advise every investor to make the right choice when it comes to Bitcoin mining i got my withdrawal safely without any interruption harper_parksfx Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
Source: BDliveSA - 🏆 12. / 63 Read more »