Reported 4 months ago
World stocks and commodities dropped as investors became worried about the U.S. economy showing signs of weakening, with data indicating a slowdown in business activity. This has led to speculation that the Federal Reserve may lower interest rates this year to curb inflation amid a cooling economy. The MSCI All-World index was down 0.2%, while on Wall Street, major stock indices saw minor gains. Volatility increased, and safe-haven assets like bonds and the dollar remained strong. In Europe, stocks slid, led by the energy, mining, and banking sectors, while in India, markets sold off following election results. Job openings in the U.S. fell more than forecast in April, further fueling concerns about the economy's strength.
Source: YAHOO