Asian markets sharply lower after wobbly day on Wall Street
28 Articles
28 Articles
Stocks waver on Wall Street, U.K. bond yields fall back
NEW YORK (AP) — Bond markets around the world are relaxing Wednesday after London’s central bank pledged to do whatever’s needed to restore calm in its financial markets.The move comes amid heightened concerns about the potential for economies worldwide slipping into a recession as the hottest inflation in decades burns businesses and consumers.Stocks in the U.S. wavered amid recession risks and a long list of other worries hanging over Wall Str…
World Shares Sharply Lower After Wobbly Day on Wall Street
TOKYO—World shares tumbled Wednesday after a wobbly day on Wall Street as markets churned over the prospect of a possible recession. U.S. futures and oil prices declined and China’s yuan weakened sharply. Trading has been volatile since the Dow Jones Industrial Average followed other major U.S. indexes into a bear market earlier this week. In early trading, Germany’s DAX lost 1.3 percent to 11,983.29 and the FTSE 100 in London was also down 1.3 …
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