Global stocks sink on US inflation surge | The Guardian Nigeria News - Nigeria and World News

📆 2022/02/12 00:40:00

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World stock markets fell Friday on fears the Federal Reserve will move more aggressively to tighten monetary policy to tame decades-high inflation.

📆 2022/02/12 00:40:00
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The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 4, 2021. REUTERS/Staff

In the eurozone, Frankfurt and Paris stocks banked lower, mirroring Asia after overnight Wall Street losses. Wall Street equities tumbled on Thursday as markets bet that the latest inflation data would spark swift action from the Fed. The St Louis Fed boss said he was in favour of a 50 basis point lift next month — double the usual rise and the first since 2000 — and two more after that.

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