Global Growth Concerns and Central Bank Meetings Spark Sell-Off in World Shares

  • 8 months ago
World shares declined and the dollar strengthened as concerns about global growth heightened ahead of central bank meetings. European stocks fell, with Societe Generale experiencing a significant drop. Chinese property issues, geopolitical tensions, and ongoing strikes also added to worries. Technology shares in China declined, while US futures saw a slight increase. Oil prices reached 10-month highs, contributing to inflationary pressures. The Federal Reserve and other global central banks will hold rate-setting meetings, with market focus on the Fed's economic and rate projections. The Bank of England is expected to hike rates, and the Bank of Japan's potential policy shift is a key risk event. US Treasury yields rose, the dollar remained strong, the euro gained slightly, and gold prices increased.

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