News Formal

Global stocks slide as traders bet on more hikes - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 50%

United States News News

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

Stocks fell with bonds on signs that central banks will keep driving up interest rates to tame inflation.

Europe's Stoxx 600 index sank the most in two weeks. Contracts on U.S. gauges signaled further losses on Wall Street after Wednesday's Federal Reserve commentary stoked worries that officials will resume tightening policy.

Stocks are losing ground after a strong first half of the year as continued hawkishness from central banks damps hopes of a soft landing for the global economy. Minutes from the Fed's June meeting showed division among policymakers over the decision to pause rate hikes, with the voting members on track to take rates higher this month.

U.S. employment reports this week may provide clues on the path for policy. Ahead of the closely watched nonfarm payrolls release on Friday, the so-called JOLTS report of job openings is expected to show a tapering of available positions, and a separate measure of jobless claims is anticipated to tick higher.

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:

 /  🏆 83. in US
 

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

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

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

U.S. stocks decline as China data saps risk sentiment - BNN BloombergU.S. equity futures and European stocks followed Asian shares lower, while bonds declined after weak services-industry data from China raised fresh concerns about the outlook for the global economy.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

TSX recap: Index finishes 0.25% higher amid gains in energy stocks - BNN BloombergGains in energy and battery metals helped lift Canada's main stock index higher Tuesday as the price of oil also rose above US$70 a barrel.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

TSX today: Index down nearly 100 points as tech stocks fall - BNN Bloomberg​Canada's main stock index was down nearly 100 points, as losses in the technology sector helped lead the way lower, while U.S. stock markets fell in afternoon trading.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Brookfield Reinsurance signs deal for American Equity Investment Life Holding Co. - BNN BloombergBrookfield Reinsurance has signed a deal to buy the part of American Equity Investment Life Holding Co. (AEL) that it does not already own in a cash-and-stock transaction that values the company at about US$4.3 billion.
Source: BNNBloomberg - 🏆 83. / 50 Read more »