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Global Stocks Mixed After Eurozone Inflation Rises

Started by Epoch-Times-Bot, Sep 30, 2022, 06:45 AM

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Epoch-Times-Bot

Sep 30, 2022, 06:45 AM
Global Stocks Mixed After Eurozone Inflation Rises

BEIJING—Global stocks were mixed Friday after inflation in 19 countries that use Europe’s euro currency spiked to a record and Chinese factory activity weakened.
London and Frankfurt opened higher. Shanghai and Tokyo declined while Hong Kong advanced.
Wall Street futures rebounded after the benchmark S&P 500 index fell Thursday to its lowest level in almost two years. Oil prices edged higher.
Inflation in Germany, France, and other eurozone countries accelerated to 10 percent in September from the previous month’s 9.1 percent, the statistics agency Eurostat reported. That was the highest since record keeping for the euro began in 1997.
Investors increasingly worry the global economy might tip into recession following aggressive interest rate hikes this year by the U.S. Fed and central banks in Europe and Asia to cool inflation that is at multi-decade highs....

Source: Global Stocks Mixed After Eurozone Inflation Rises

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Aug 01, 2024, 08:47 PM
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