Stocks, bonds fall on political, economic concerns
BNN Bloomberg
Stocks and bonds fell Monday as political and economic risks weighed on sentiment. A gauge of the dollar was little changed and the euro rose.
Stocks and bonds fell Monday as political and economic risks weighed on sentiment. A gauge of the dollar was little changed and the euro rose.
U.S. futures declined, pointing to more challenges for global shares after the Federal Reserve last week signaled sharp interest-rate hikes and balance-sheet reduction to curb price pressures. Europe’s Stoxx 600 fell as investors focused on an uncomfortably tight presidential race in France, with technology stocks leading declines.
Chinese stocks also slipped amid the mainland’s COVID outbreak, elevated factory-gate prices and regulatory concerns in the technology sector.
Oil retreated on risks to demand from China’s lockdowns, as Iran said the 2015 nuclear deal is in the “emergency room.”
Twitter Inc. tumbled in premarket trading after Elon Musk decided not to join the board of the social media platform.
