Global stocks, Wall St futures skid on fears over rate hike

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Friday, May 6, 2022. Asian stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth. – World stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth.

Wall Street futures fell after the benchmark S&P 500 index plunged 3.6% on Thursday as optimism that drove the previous day's rally evaporated. “Clearly, investors had second thoughts about the so-called ‘dovish hike’ from the Fed,” Rob Carnell of ING said in a report. The likelihood is “rate hikes coming thick and fast, but little if any prospect of a turn in inflation any time soon.”In early trading, the FTSE 100 in London lost 0.6% to 7,461.01 and Frankfurt's DAX sank 0.9% to 13,772.99. The CAC 40 in Paris shed 1.1% to 6,296.18.Also Friday, the U.S. government was due to report employment data.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Asia-Pacific stocks set for lower start following Wall Street tumbleShares on Wall Street declined sharply overnight, with the Dow Jones Industrial Average seeing its worst day since 2020.
Bron: CNBC - 🏆 12. / 72 Lees verder »

AMD 'is just a different company now,' and Wall Street is cheeringAdvanced Micro Devices shares rose Wednesday, as analysts described the chip maker’s earnings report as “a potential watershed moment” that proved $AMD is a data-center powerhouse following its acquisition of Xilinx Inc. Join Robinhood with my link and we'll each get a free stock and invest in AMD
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Stocks are falling, here's what a former Wall Street trader is doingStocks are dropping and you may have the sudden urge to sell you positions. Before taking any such action, consider these tips.
Bron: CNBC - 🏆 12. / 72 Lees verder »

Stocks slump on Wall Street as markets assess looming fallout from Fed's fight against inflationThe Dow dropped 1,079 points or 3.2%, the S&P 500 fell 3.6% and the Nasdaq Composite tumbled 4.9% in midday trading. Joe and the Democrats working hard to wipe out everyone's retirement accounts.
Bron: 6abc - 🏆 250. / 63 Lees verder »