Stocks Slide As US Jobless Data Fuel Economy Concerns

Stock markets slid Thursday as worse-than-expected US jobless data stoked concern about the outlook for the world’s biggest economy.

Already on Wednesday, a sobering Federal Reserve assessment of the US economic outlook had soured sentiment on stock markets across the globe. Federal Reserve chief Jerome Powell has led repeated calls for more government support for the economy. “There is a big risk the economy may not recover as strongly or as quickly as had been priced in by US markets,” said ThinkMarkets analyst Fawad Razaqzada.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil slips as demand fears outweigh strong U.S. stocks drawOil prices eased on Wednesday on concerns that U.S. fuel demand may not recover as quickly as expected amid stalled talks on an economic stimulus package. The s
Source: Daily Trust - 🏆 13. / 51 Read more »

Oil, gas stocks record N56bn loss in one month|p style=
Source: MobilePunch - 🏆 8. / 63 Read more »

Oil slips as demand fears outweigh strong U.S. stocks drawOil prices eased on Wednesday on concerns that U.S. fuel demand may not recover as quickly as expected amid stalled talks on an economic stimulus package. The s
Source: Daily Trust - 🏆 13. / 51 Read more »