Stabilisation signs emerge after inflation palpitations

Published by
Reuters UK

By Marc Jones LONDON (Reuters) – Jittery global financial markets saw signs of stabilisation on Thursday, with major equity bourses and bond yields holding their ground and the dollar wilting after the highest U.S. inflation reading in nearly 40 years. The 7% year-on-year U.S. consumer price inflation reading was the highest since 1982, but after weeks of Federal Reserve officials talking about faster interest rate hikes and stimulus withdrawal it had been widely expected. MSCI’s 50-country index of world stocks barely budged, little changed from where it started the year, while Europe recover…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *