Stocks, commodities slide as growth worries unnerve investors

📆 10.05.2022 11:25:00
📰 Reuters

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Asian shares fell to their lowest in nearly two years on Tuesday, as investors fretted about the toxic cocktail of rising interest rates and lower economic growth.

U.S. stock futures turned positive after declining earlier. S&P 500 stock futures rose 0.4%, Dow Jones futures ticked up 0.3% and Nasdaq futures gained 0.7%.

Oil prices ticked lower on demand worries as coronavirus lockdowns in China, the top oil importer, continued. Commodity-linked currencies including the Australian and Canadian currencies took a beating as oil prices fell.

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