News Formal

Stocks in biggest weekly loss since 2020 on interest-rate worries

  • 📰 malaymail
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 86%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

NEW YORK, June 18 — World stocks yesterday closed out their steepest weekly slide since the pandemic meltdown of March 2020, as investors worried that tighter monetary policy by...

NEW YORK, June 18 — World stocks yesterday closed out their steepest weekly slide since the pandemic meltdown of March 2020, as investors worried that tighter monetary policy by inflation-fighting central banks could damage economic growth.

After sharp early losses, world stocks steadied somewhat to ending yesterday’s session down by just 0.12 per cent. The weekly slide of 5.8 per cent was the steepest since the week of March 20, 2020. Southern European bond yields dropped sharply after reports of more detail from ECB President Christine Lagarde on the central bank’s plans.

 

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:

 /  🏆 1. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

US stocks open higher clawing back some of week's lossesNEW YORK, June 17 — Wall Street shares opened higher today trying to recoup some of the losses suffered in recent days amid aggressive central bank action against inflation that...
Source: malaymail - 🏆 1. / 86 Read more »