U.S. stocks fall in cautious start to key Fed week - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 50%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stocks slid with US equity futures in a cautious start on Monday as investors await a slew of interest rate decisions in the days ahead and after global equities notched their worst week since hitting this year’s low in June.

Futures on the S&P 500 index dropped nearly 1 per cent along with the Nasdaq 100, indicating extended declines for the benchmark after its steepest weekly decline since June 17. The Stoxx Europe 600 Index headed for its lowest close since July 5, wiping out most of its summer rally.

“The aggressive tightening of policy in the coming 4-6 months, not just in the US but globally, increases the risk of a recession next year,” said Maria Landeborn, a senior strategist at Danske Bank A/S. “We expect uncertainty will remain high surrounding inflation, rates and the overall economy, which is negative for market sentiment and risk assets.”

Traders briefly priced the Fed’s key policy rate peaking at 4.5 per cent in March last week as the central bank escalates its effort to contain inflation. That expected peak was up by a full percentage point since the Fed’s last policy meeting in July.

 

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

 /  🏆 83. in NG

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.

Bill Gates is using these stocks for a large inflation-fighting income streamBill Gates looks for income, too. This is how he gets it At least Melinda dumped BillGates over his friendship with JeffreyEpstein. I’m not surprised Trudeau continues his relationship giving his own groping incident. WEF Birds of a feather…
Source: nationalpost - 🏆 10. / 80 Read more »