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Live News: Russia shifts Ukraine’s focus to northern Donbus, U.S. officials say

Fluctuations reflect deep uncertainty among investors about growth and inflation outlook © AP

US equities fell and government bonds rose on Thursday as investors tried to navigate the tricky outlook for global equities hurt by signs of inflation and slowing growth.

The S & P 500 index fell 0.6%, closing at its worst level since March 2021. On the other hand, the Nasdaq Composite Index, which uses a lot of high tech, fell by 0.3%. Both gauges were under heavy selling pressure in the previous session, with S & P down 4% in the worst selling since June 2020 and Nasdaq down 4.7%.

Earlier that day, both stock indexes had risen to the positive territory. Thursday’s volatility is deep investor uncertainty about the outlook for growth and inflation as the Federal Reserve-led central bank unleashes stimuli that have helped support the global economy over the past two years. Reflects.

Recent disappointing earnings reports from major U.S. companies such as retailer Wal-Mart and Target, and networking group Cisco have shown headwinds for U.S. companies such as rising input costs, war in Ukraine, and chilling growth in China. Shows that you are suffering from.

However, many investors and Wall Street banks still expect the US economy to dodge a sustained decline in economic production.

Thursday’s long-term US Treasury prices rose, reflecting growth jitter. The rise in prices pushed benchmark 10-year Treasury yields down 0.03 percentage points from last week’s 3.2% high to 2.85%. Yields on short-term government bonds have also fallen, reflecting bets on more gradual rises in interest rates. The policy-sensitive two-year yield fell 0.05 percentage points to 2.62 percent.

Read more about market movements that day Here..

Additional report by Primrose Riordan in Hong Kong and Naomi Rovnick in London

Live News: Russia shifts Ukraine’s focus to northern Donbus, U.S. officials say

Source link Live News: Russia shifts Ukraine’s focus to northern Donbus, U.S. officials say

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