Fears of global recession and interest rate hikes send shares into freefall

rose 2 per cent and 0.8 per cent, respectively, after British energy regulator Ofgem proposed a £20.9 billion pounds package to boost grid capacity.jumped 3.2 per cent after the automotive aftersales company hiked its full-year outlook on the back of vehicle shortages.also had a particularly strong session. The value shoe seller told shareholders it expects to post adjusted pretax profits of roughly £8.

Losses were broad-based, led by property and auto sectors, which fell 3.5 per cent and 2.6 per cent respectively. Banks and miners were among the other big drags. Germany’s Dax was down 1.7 per cent following a three-day rally. Spain’s blue-chip index Ibex fell 1.6 per cent, as preliminary data showed Spanish 12-month inflation accelerated to a higher-than-expected 10.2 per cent in June, the first time since April 1985, from 8.7 per cent in the previous month.gained 2.2 per cent after the world’s second-biggest fashion retailer reported a forecast-beating 33 per cent increase in quarterly profit., the maker of Cheerios cereal, climbed after saying price increases and easing supply-chain disruptions will buoy sales.

rose 1.3 per cent, boosting the blue-chip Dow Jones Industrial Average, after BofA Global Research upgraded the investment bank to “buy” from “neutral”, saying it was well-positioned to outperform in a likely worsening economic environment.

IrishTimes Don't worry, Trump will be back in 2024 to straighten out Biden's mess.

This is the start

Wow shocker

Its not a freefall until stock brokers are also doing one out their Wall St. windows. So give it another few weeks.

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