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Global Shares Ease as Central Bank Rate Hikes Loom

Started by Epoch-Times-Bot, Dec 12, 2022, 07:30 AM

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Epoch-Times-Bot

Dec 12, 2022, 07:30 AM
Global Shares Ease as Central Bank Rate Hikes Loom

LONDON—Global stocks fell on Monday as investors braced for the last round of transatlantic interest rate hikes this year from a trio of central banks, hoping that a hitherto hefty pace of increases in borrowing costs will finally show signs of easing.
Oil prices rose as a key pipeline supplying the United States remained shut, while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports.
The dollar rose against the Japanese yen but eased against a basket of currencies after data on Friday showed U.S. producer prices had risen more than expected last month, pointing to persistent inflationary pressures, ahead of key U.S. consumer price index for November on Tuesday, when a slowdown in core annual inflation is anticipated....

Source: Global Shares Ease as Central Bank Rate Hikes Loom

xenzol

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Aug 23, 2024, 07:59 AM
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