Stocks down, dollar up as markets expect more big US rate hikes. Stock markets mostly retreated and the dollar firmed Monday as forecast-beating US jobs data fanned expectations for more large interest rate hikes from the Federal Reserve. A rally across equity trading floors last week has given way to gloom as investors grow increasingly […]
Stock markets
European stocks continue to slide for a third week in a row
European equities dropped Friday, finishing their third consecutive week in the negative as the basic resources sector was battered by drops in Anglo American, but airlines and hotel businesses rose after the U.K. announced they were considering relaxing travel restrictions. Anglo American dropped 8.1% following downgrades from Morgan Stanley and UBS. Additionally, European mining stocks […]
Stocks, oil and bitcoin sink in volatile trading
London: Stock markets, oil prices, and bitcoin sank Wednesday as a raft of issues ranging from rising inflation to China’s crackdown on cryptocurrencies spooked investors. Wall Street opened lower after shares in Europe and Asia fell on fears that central banks will wind down easy money policies to tame inflation. US oil prices dropped by […]