Global stocks slide for 3rd day on economic growth fears

Nederland Nieuws Nieuws

Global stocks slide for 3rd day on economic growth fears
Nederland Laatste Nieuws,Nederland Headlines

Global stocks fell for a third day Friday after more rate hikes by the U.S. Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession.

London and Frankfurt opened lower. Shanghai, Hong Kong and Seoul declined. Oil prices fell by more than $1 per barrel. Japanese markets were closed for a holiday.

In early trading, the FTSE 100 in London lost 0.6% to 7,127.70 and the DAX in Frankfurt shed 0.3% to 12,490.55. The CAC 40 in Paris was 0.2% lower at 5,905.20. Also Friday, Vietnam's central bank raised a key lending rate by a full 1 percentage point, surprising forecasters. The State Bank of Vietnam appeared to be trying to cool inflation while also discouraging a capital outflow in search of higher interest rates abroad.

 

Nederland Laatste Nieuws, Nederland Headlines

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