56.19 F
Springfield
September 28, 2022
Image default
Business

Shares slip, dollar dominates as recession fears rise

Published by
Reuters

By Herbert Lash and Lawrence White NEW YORK/LONDON (Reuters) – U.S. and European shares slumped and the dollar surged on Monday as fears mounted that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and possibly spark a recession. The benchmark European STOXX index fell 1.02% to its lowest in almost four weeks after Russia’s Gazprom said it would halt natural gas supplies to Europe for three days at the end of August. Fresh disruption to energy supplies in Europe further raised concerns about the continent’s economic …

Read More

Related posts

Nintendo announce impressive sales figures

The_Proponent

Zoom is giving users unlimited time for their end-of-year video calls

The_Proponent

U.S. existing home sales slide again; prices hit fresh record high

The_Proponent

Wall St slides as strong jobs data fuels rate hike worries

The_Proponent

Dollar slips while Aussie and Norwegian crown outperform

The_Proponent

Bitcoin Investors Ponder Next Move After Stunning Price Drop

The_Proponent

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: