GLOBAL STOCK MARKETS ARE FALLING AS INVESTORS BECOME CONCERNED ABOUT ECONOMY

  • 19/05/2022

Following significant dips in the US and Asia, fears of increasing costs and faltering economies have moved to the UK and European stock markets.

On Thursday, the FTSE 100 index of prominent corporations fell 2.1 percent, while the big stock markets in France and Germany also fell.

On Wednesday, US stocks fell the most in a single day since the beginning of the Covid epidemic in 2020.

Gloomy projections from big US retailers rattled the markets.

Countries are also battling with strong increases in inflation - the UK's hit a 40-year high of 9% in April - and there are fears that certain economies could stagnate when interest rates are raised in a bid to combat price spikes.

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