European stocks rally, Wall Street slumps on interest rate concerns

European Central Bank policymakers delivered another interest rate increase as anticipated, with eurozone consumer prices still rising fast.

The US Federal Reserve, as expected, also raised borrowing costs again on Wednesday as it seeks to bring inflation down further, but there remain lingering worries of more aggressive actions ahead. Data out Thursday showed that the US economy confounded expectations with growth accelerating in the second quarter.

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:

manilabulletin /  🏆 25. 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.

AI mania drives Wall Street to higher close ahead of earningsThe tech-heavy Nasdaq closed higher on Tuesday, leading gains on Wall Street amid investor excitement about artificial intelligence before earnings reports from megacap technology companies Alphabet and Microsoft after the bell. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »