Despite a strong relief rally on Friday – Wall Street’s three major stock indexes ended sharply higher – stock markets concluded the worst first half since 1970.
Category: Features
Following large fiscal stimulus programs and accommodative monetary policy, economies slow down from their elevated post-pandemic growth rates.
Amid the global turmoil and recession fears, inflation will be firmly in focus this week as central banks try to curb inflation.
Friday’s red-hot inflation reading – 8.6% – prompted investors to raise their bets on aggressive Federal interest rate hikes.
Elon Musk’s “super bad feeling” will be tested this week as markets await central bank meetings unfolding in the Eurozone and Australia.