Global market storm gathers force as virtually no asset class is spared

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

ICYMI - Global market storm gathers force as virtually no asset class is spared StephHughes95

for the first time since 1985, adding to pressures the currency faced earlier in the week. The plunge came as newly appointed U.K. Prime Minister Liz Truss introduced the country’s biggest tax cuts since the early 1970s.Article contentthat recent weak retail data exacerbated fears of a deep and prolonged recession, contributing to the pound’s grief.

“Whether the Fed is ultimately right or wrong in what they are doing, they control the ‘magic lever,’ thus investors should be prepared for further weakness economically and markets-wise,” Rosenberg added.More economists are saying recession risks are on the rise. Bank of Montreal chief economist Douglas Porter said the risk of a North American recession over the next year has now climbed above 50 per cent.

Porter added that persistent inflation and the growing risks of a monetary policy overshoot with rapidly rising interest rates are increasing these risks.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

StephHughes95 The Covid stupidity bill is coming

StephHughes95 Cows! still worth what they always were:)

StephHughes95 Odd that during an inflation spike, the thing thats being debased is the thing that’s inflating in value. Wacky.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 10. in SE

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 market storm gathers force as virtually no asset class is sparedStocks markets including the S\u0026amp\u003BP 500, Dow and Nasdaq fell as inflation and rising interest rates fuelled fears of recession. Read on StephHughes95 G7 🤡🌍 .... have fun being BuildBackBetter ESG Green inflation poor, cold, hungry and unsafe 🤮🤮🤮🤮 ForwardForEveryone RosieBarton melaniejoly
Källa: nationalpost - 🏆 10. / 80 Läs mer »

Global market storm gathers force as virtually no asset class is sparedStocks markets including the S\u0026amp\u003BP 500, Dow and Nasdaq fell as inflation and rising interest rates fuelled fears of recession. Read on
Källa: financialpost - 🏆 7. / 85 Läs mer »

Global market storm gathers force as virtually no asset class is sparedStocks markets including the S\u0026amp\u003BP 500, Dow and Nasdaq fell as inflation and rising interest rates fuelled fears of recession. Read on
Källa: fpinvesting - 🏆 43. / 63 Läs mer »

'Market should be pretty upset': Tech stocks brace for more bleeding as Fed ratchets up ratesHigher rate target a clear escalation in Fed\u0027s effort to stamp out inflation and creates high likelihood of recession, strategist says
Källa: fpinvesting - 🏆 43. / 63 Läs mer »

'Market should be pretty upset': Tech stocks brace for more bleeding as Fed ratchets up ratesHigher rate target a clear escalation in Fed\u0027s effort to stamp out inflation and creates high likelihood of recession, strategist says
Källa: financialpost - 🏆 7. / 85 Läs mer »