News Formal

European and US stocks slide on inflation worries

  • 📰 eNCA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

US and European stock markets slid as inflation data and corporate reports stoked investor fears about recession and earnings.

News that UK inflation has spiked to a 40-year peak of nine percent in April helped push London stocks 0.4 percent lower in afternoon trading.

Investors remain on red alert over decades-high inflation, which has surged around the world as Russia's invasion of Ukraine fuels spiking energy and food prices. Concerns that companies will have trouble were raised by the latest earnings from US retailer Target, which saw its profits fail to meet analyst expectations despite higher-than-expected sales.

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:

 /  🏆 49. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

ANDREA FELSTED: Walmart earnings a warning sign for the US economyThe world’s biggest retailer is known for being careful about costs. But that’s harder to do when prices for everything are going up
Source: BDliveSA - 🏆 12. / 63 Read more »