LONDON -World stocks attempted a move higher on Friday after four days of losses caused by mounting fears of economic downturn, even though the growth concerns were fanned further by data showing a sharp slowdown in China.
Recession fears were fanned further by data showing a sharp second-quarter slowdown in the China, reflecting the colossal hit from widespread COVID lockdowns. Annualised 0.4% growth was the worst since at least 1992, excluding early-2020 when the COVID pandemic erupted. He was referring to weakening economic data almost everywhere, contrasting with high inflation and tight labour markets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
🤔 great way to soar the stock market. Let FED suggest to raise 500bps at first than just raise it with 100bps😆
💯%🚀Ready to go to Mars🚀🎊🎉🥳. Do you want to be on the deal 👍😜😁🎉🎊🥳be aware 🥳🎊🎉.
Neither button does anything to fix inflation. Both leave rates hundreds of basis points below the rate of inflation. A recession may be inevitable but even that won't do much to dent inflation. Ever heard of stagflation? I remember it from middle school. It's coming back.
They should both say soaring inflation.
100 to 125
Cuando?
Inaction would damage the economy, so as the flip-flop policies too.
75-100 better
100bps possibly
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.
US stocks fall as JPMorgan releases weak earnings, warningInflation at the wholesale level climbed 11.3% in June compared with a year earlier. It follows a worrisome report on Wednesday showing prices at the consumer level remain high.
Source: wrtv - 🏆 598. / 51 Read more »
Stocks fall, but end off session lows as investors weigh rate hikes, earnings seasonStocks finished well off session lows as investors weighed the size and scope of expected rate hikes and assessed downbeat earnings from JPMorgan and Wells Fargo. The Dow Jones Industrial Average fell around 143 points, or 0.5%, to finish near 30,630:
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks tumble as inflation, rate hikes stoke recession fearsStocks sold off in early trading Thursday as bank earnings offered more bad news for the economy. But hey - 10% for the Big Guy Two major factors affecting most the world’s economy “war” and “pandemic”. It will take a while for many countries to get back to their feet as the whole world was shut down for more than 2yrs. The effect of this will be realized 2 or 3 yrs later. Inflation is just the beginning.
Source: washingtonpost - 🏆 95. / 72 Read more »
Bank of America slashes S&P 500 target, sees stocks falling another 5% by year-endStrategist Savita Subramanian dropped her target for the S&P 500 to 3,600 from 4,500. Gonna get under 3,000 sometime in 2023. WinterIsComing
Source: CNBC - 🏆 12. / 72 Read more »
EIA: Fuel stocks increasing as demand fallsInventories of oil and fuel are rising again as demand begins to fall, easing the tight...
Source: HoustonChron - 🏆 609. / 51 Read more »
U.S. stocks open sharply lower after June CPI data showed inflation was higher than expectedU.S. stocks opened sharply lower after the consumer-price index showed inflation rose in June more than expected, with the annual rate climbing to a nearly...
Source: MarketWatch - 🏆 3. / 97 Read more »