Global shares on longest losing streak in two months
Surging commodity prices and growing inflationary pressure in the US have led to the expectation of earlier rates increases
12 May 2021 - 11:29
London/Sydney — A sell-off in global shares extended to its longest losing streak in two months on Wednesday as surging commodity prices and growing inflationary pressure in the US prompted bets on earlier interest rate increases and higher bond yields.
A limited equity market recovery emerged in European early trade, with the continent’s shares Stoxx 600 index adding 0.4% after Tuesday’s slump...
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