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7/8/22, 5:33 PM Stocks Slide On Renewed Recession Fears; Worst H1 (First Half-Year) Ever

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Business Global Markets Stocks Slide On Renewed Recession Fears; Worst H1 (First Half-Year) Ever Advertisement

Stocks Slide On Renewed Recession Fears;


Worst H1 (First Half-Year) Ever
Stocks sank on Thursday to extend what is the worst first half of the year for global share prices on
record
Global Markets Reuters Updated: June 30, 2022 2:55 pm IST

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7/8/22, 5:33 PM Stocks Slide On Renewed Recession Fears; Worst H1 (First Half-Year) Ever
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Stocks slide on renewed economic fears, capping worst H1 on record

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Stocks sank on Thursday to extend what is the worst first half of the year for
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global share prices on record, as investors fret that the latest show of central hunger today
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Loss Central bank chiefs from the Federal Reserve, European Central Bank and Bank of
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7/8/22, 5:33 PM Stocks Slide On Renewed Recession Fears; Worst H1 (First Half-Year) Ever
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The Euro STOXX dropped 1.53 per cent, while the German DAX weakened 2.34
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per cent. Britain's FTSE 100 was off 1.64 per cent. Read Next Story

"Absolutely Listless": Ex-India Players React


US futures also fell, with little sign yet that the new quarter will bring in brave To Humiliating Loss In Edgbaston Test vs
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bargain hunters. This year's dramatic slide in asset prices has been led by tech-

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heavy indexes and stocks more sensitive to rising interest rates.
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₹8,299 "Fed Chair (Jerome) Powell and the FOMC (Federal Open Market Committee)
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(10% off) don't want to get this one wrong. They want to be 90 per cent sure that inflation is Salem soon (see options)
on the way down, not evenly balanced," said Steve Englander, Standard American Used Cars

Chartered's head of global G10 FX research.


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"So the signals they send become increasingly hawkish when they see the market
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as possibly prematurely pricing in victory over inflation."

GRAPHIC: Global markets in 2022


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Traders are now focused on data on US core prices due later in the session that Digital Fund

are expected to underline the extent of the inflation challenge. Tata Mutual Fund

Sweden's Riksbank became the latest to jack up borrowing costs, pushing its key England vs India, 1st T20I: Hardik Pandya's
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rate to 0.75 per cent from 0.25 per cent as expected and flagging further sharp Win vs England
tightening to try and get price growth under control.

The Hungarian central bank also hiked, raising rates by 0.5 per cent to 7.75 per
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MSCI's broadest index of Asia-Pacific shares outside Japan eased another 0.5
per cent, bringing its losses for the quarter to 10 per cent.
https://www.ndtv.com/business/stocks-slide-on-renewed-recession-fears-mark-worst-first-half-year-ever-3114569 3/28

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