was down 1.00%. Earlier in the session, the MSCI index had fallen 1.5% to 549.19, its lowest level since Oct. 30, 2020.were down 2.25% after hitting their lowest level since April 2020 and are on track for a near-30% tumble year-to-date, its biggest annual decline since the 2008 global financial crisis.
Also impacting the global market was the Bank of England's latest efforts to shore up the battered bond market.A trader works on the floor of the New York Stock Exchange in New York City, U.S., October 11, 2022. REUTERS/Brendan McDermidCiting a "material risk" to financial stability, the BoE said it would buy up to 5 billion pounds of index-linked debt per day from Tuesday until the end of the week.
The U.S. dollar edged higher in choppy trading, adding to recent gains ahead of a key inflation report later this week that is expected to show persistently strong price pressures.
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:
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.
Asian Stock Market: Tumbles on sluggish market mood, DXY rebounds, oil defends $90.00Markets in the Asian domain are displaying a weak performance following the footprints of weaker S&P500 recorded in Friday. Also, the latter index fut
Source: FXStreetNews - 🏆 14. / 72 Read more »
Chinese Chip Stocks Tumble After U.S. Calls for New Curbs on High-End TechChinese chip stocks fell Monday after the U.S. announced new export controls aimed at limiting Beijing’s ability to produce advanced military systems. America wants to remain the foremost superpower, hence its encouraging Taiwan to breakaway and banning Chinese tech from trading with American subjects in Europe/Mid-East. So try to tell us some good news. I dare ya
Source: NBCDFW - 🏆 288. / 63 Read more »
Here are the Bay Area CEOs that stepped down or were pushed out in 2022 - San Francisco Business TimesDeclining stock prices and a poor economic outlook has made the job of CEO unenviable this year.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
China's tech stocks are tumbling, but short sellers have a different sector in their sightsIt's not just China's tech sector that's struggling right now — and short sellers are cashing in.
Source: CNBC - 🏆 12. / 72 Read more »
Here are the Bay Area CEOs that stepped down or were pushed out in 2022 - San Francisco Business TimesDeclining stock prices and a poor economic outlook has made the job of CEO unenviable this year.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »