Oil plunges, global stocks fall

With Thursday's drop, US and European stocks are set for their worst quarterly performance since the first quarter of 2020, when the outbreak of the Covid-19 pandemic briefly sent the global economy into a tailspin.

"There's going to be some money coming out of equities, into fixed income, especially because equities have had quite a spectacular rebound in the last few weeks," said Guillaume Paillat, multi-asset portfolio manager at Aviva Investors. Global stocks had rallied earlier in the week as investors saw signs of progress in peace talks between Ukraine and Russia.

Surging price pressures in many major economies have sealed expectations that central banks will raise interest rates and borrowing costs. This has in turn stoked concerns in countries including the United States that aggressive policy tightening will tip the economy into a recession.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Global stocks climb higher on fresh hopes for Ukraine peace talksThe geopolitical developments drove upward almost every sector on Euronext Dublin via IrishTimesBiz
Källa: IrishTimesBiz - 🏆 6. / 77 Läs mer »

European stocks set for biggest quarterly drop since 2020Oil prices plunge as US considers release of 180m barrels from strategic reserves
Källa: IrishTimesBiz - 🏆 6. / 77 Läs mer »

Global stocks climb higher on fresh hopes for Ukraine peace talksThe geopolitical developments drove upward almost every sector on Euronext Dublin via IrishTimesBiz
Källa: IrishTimesBiz - 🏆 6. / 77 Läs mer »