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Published 2 years ago

Global Markets: Shares slump as retail giants sound stagflation alarm

Summary by Financial Express
Bond markets rallied in the dive for safety and on bets that interest rate rises may get recalibrated, but it was the gloom striking down equities after Wednesday's $25 billion wipeout in U.S. retail giant Target's shares that dominated the action.

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Arab NewsArab News

Shares slump as retail giants sound stagflation alarm

Author: Thu, 2022-05-19 15:20 LONDON: Heavy falls in European and Asian stock markets followed Wall Street’s worst day since mid-2020 on Thursday, as stark warnings from some of the world’s biggest retailers underscored just how hard inflation is biting. Bond markets rallied in the dive for safety and on bets that interest rate rises may get recalibrated, but it was the gloom striking down equities after Wednesday’s $25 billion wipeout in US r…

2 years ago·Riyadh, Saudi Arabia
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Financial ExpressFinancial Express

Global Markets: Shares slump as retail giants sound stagflation alarm

Bond markets rallied in the dive for safety and on bets that interest rate rises may get recalibrated, but it was the gloom striking down equities after Wednesday's $25 billion wipeout in U.S. retail giant Target's shares that dominated the action.

2 years ago
Read Full Article
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