From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

European stocks close higher after record ECB interest rate hike

European markets closed higher on Friday as investors reacted to a record rate hike by the European Central Bank and further comments from Federal Reserve Chairman Jerome Powell. The pan-European Stoxx 600 ended up 1.6% for the time being, with all sectors and major exchanges positive. Mining stocks were up 3.2% to gain, while technology … Read more

European markets: follow global caution

Cineworld shares plunge 60% Cineworld, which operates 9,000 theaters in 10 countries, has warned that a lack of blockbusters is hurting filming. Geography Photos | Universal Images Group | Getty Images British cinema chain Cineworld Group saw shares plummet Friday after reports it is preparing to file for bankruptcy after failing to lure viewers back … Read more

Big week for earnings, monetary policy

LONDON – European markets are set to retreat Monday as investors brace for a big week of corporate earnings and a key monetary policy decision by the US Federal Reserve. The UK’s FTSE 100 is about 29 points lower at 7,247 points, the German DAX is expected to lose about 83 points to 13,171 and … Read more

European Markets Open to Shutdown, Jobs Report, Inflation Data, Fed

LONDON – European stocks were trading lower Monday morning as investors prepare for more key inflation data out of the US this week. The pan-European Stoxx 600 index opened 1.03% lower, with all sectors negative except health stocks. The index quickly offset some losses to trade 0.6% lower. The worst performer on the index was … Read more