Luxury goods group has its worst day in at least 22 years after flagging a global environment that is the “most unsettled” it has experienced for a number of years
MSCI world equity index is still down 1% for the week and on track for its seventh consecutive weekly decline - its longest losing streak since its inception ...
Brent futures drop as investors fear tighter central bank monetary policy will curb demand recovery
The cut is bigger than expected as authorities aim to cushion an economic slowdown
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Gold prices climb about 1.5% this week as US growth concerns revive safe-haven demand
China earlier cut its benchmark lending rate for housing by more than expected, but there was no bounce back for US markets overnight
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JSE slides in line with global bourses as investors are roughed up by inflation fears
Stark warnings from US retailers ram home the message that rising prices a serious threat
However, the looming possibility of a EU ban on Russian oil imports has been supporting prices
US stocks suffered their biggest daily drop in almost two years overnight
The Federal Reserve’s aggressive stance on inflation is also weighing on the metal
Markets are also bullish about an EU proposal to ban Russian crude imports
Inflation, the war in Ukraine and China’s zero-Covid policy are taking their toll
Chinese tech giant Tencent reported a halving of quarterly profit on Wednesday, while a number of US firms also released troubling results
S&P 500 closes down 4% in worst daily loss since June 2020
