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Stocks Fall After Ukraine Attacks and Rate Outlook Spark Flight to Safety

Started by Epoch-Times-Bot, Oct 10, 2022, 06:00 AM

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Epoch-Times-Bot

Oct 10, 2022, 06:00 AM
Stocks Fall After Ukraine Attacks and Rate Outlook Spark Flight to Safety

LONDON—Global shares fell on Monday after a series of explosions in the Ukrainian capital and renewed concern about the economic outlook sent investors into safe-haven assets such as the dollar and bonds.
Any belief that the Federal Reserve will shift to a softer stance towards monetary policy was extinguished on Friday by data that showed unemployment fell in September, signalling a labour market that is not suffering from red-hot inflation.
The dollar held firm against a basket of currencies, while a number of market-based measures of investor risk nervousness showed another increase.
Russian missile strikes during Monday’s rush hour across Ukraine killed at least five people in the capital Kyiv, in apparent revenge bombings after President Vladimir Putin declared an explosion on the bridge to Crimea to be a terrorist attack....

Source: Stocks Fall After Ukraine Attacks and Rate Outlook Spark Flight to Safety

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