Global stocks fall sharply on inflation worries

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 77%

United States News News

United States United States Latest News,United States United States Headlines

Global stocks fall sharply on inflation worries via IrishTimesBiz

Global stocks fell sharply and the US dollar and Treasuries rallied as new Chinese lockdowns, fears of aggressive interest rate rises and a slowdown in economic growth pushed investors to search for safety.

“As in previous times when markets have cracked, a lot of headwinds are coming together,” said Neil Birrell, chief investment officer at Premier Miton Investors, “although the China situation looks like the big catalyst today.” “The week is starting with a firmly negative tone in global markets,” ING strategists commented in a note to clients, citing central banks tightening monetary policy, Russia and Ukraine “moving further away from a diplomatic solution” and “China’s Covid crisis”.said a 0.5 percentage point interest rate rise was “on the table” in an effort to combat soaring inflation.

 

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

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines