Global markets in the red as recession fears mount

2022/06/29 14:19:00

Global markets in the red as recession fears mount

Global markets in the red as recession fears mount

Central banks maintain their hawkish stance on inflation despite deterioration in consumer confidence

ReutersPicture: 123RF/SOLARSEVENLondon — Global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession.A succession of weak data releases in Europe and the US hasn’t prevented central bankers from doubling down on hawkish rhetoric. More is likely later on Wednesday when the heads of the European Central Bank, the US Federal Reserve and the Bank of England speak at a central banking forum.

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Drug abuse above global averages in West and Central AfricaThe findings were part of the UNODC’s 2022 World Drug Report presented in Ivory Coast

Drug abuse above global averages in West and Central AfricaThe findings were part of the UNODC’s 2022 World Drug Report presented in Ivory Coast

The spotlight is on Cape Town designers at a global V&A showcaseCape Town-based designers are taking on the world, and as part of a first-of-its-kind exhibition at the V&A Museum in the UK, the spotlight is on these creatives and African Fashion.

Global shares firmer after China eases some Covid restrictionsThe easing of travel restrictions and reopening of major cities in the world’s number two economy is expected to boost optimism

Oil falls on global economy worriesHowever crude futures rose on Tuesday as tight supply outweighed fears of slow demand due to a potential recession

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29 June 2022 - 13:16 Reuters Picture: 123RF/SOLARSEVEN London — Global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession.27 June 2022 - 15:26 Ange Aboa Picture: 123RF/LEIGH ANNEF Abidjan — Opioid and cannabis abuse are above global averages in West and Central Africa, while cocaine trafficking through the region is financing militant violence in the Sahel, the UN said in a report on Monday.27 June 2022 - 15:26 Ange Aboa Picture: 123RF/LEIGH ANNEF Abidjan — Opioid and cannabis abuse are above global averages in West and Central Africa, while cocaine trafficking through the region is financing militant violence in the Sahel, the UN said in a report on Monday.Vogue has already set the stage for some of the coolest designers whose designs will be featured.

A succession of weak data releases in Europe and the US hasn’t prevented central bankers from doubling down on hawkish rhetoric. More is likely later on Wednesday when the heads of the European Central Bank, the US Federal Reserve and the Bank of England speak at a central banking forum. Drugs have also become a public health problem within West and Central Africa, with 9. Data on Tuesday showed US consumer confidence dropped to a 16-month low in June, yet several Fed policymakers pledged further rapid interest-rate hikes, citing the need to tame “unbridled” inflation .7% of people aged between 15 and 64 having consumed cannabis in 2020, compared with 3. The US figures, which came after a raft of dismal consumer confidence data across Europe, triggered steep falls on Wall Street, with the S&P 500 and the Nasdaq indices down 2% and 3% respectively.8% worldwide, the agency said in a report. The consumer sentiment deterioration clearly points to recession, Citi told clients. Thebe Magugu “Intersection” collaborative collection with AZ Factory Thebe Magugu limited-edition Heritage Dress From Cape Town, Sindiso Khumalo reigns in sustainability, aesthetics, and integration of Zulu culture in her works.

That weaker momentum carried into Wednesday, sending an Asian ex-Japan index 1.4% of the same population sample, compared with 1.4% of the same population sample, compared with 1.4% lower, while a pan- European equity index eased 0.3%, snapping a three-day rally. Drug abuse was mostly a problem among men under the age of 35. US and German 10-year bond yields slipped 5-6 basis points, the former down more than 30 bps from mid-June high. Slow recovery from the coronavirus pandemic, the Sahel’s spiralling humanitarian crisis and the impact of the war in Ukraine could worsen drug taking and trafficking if governments did not respond to warning signs, the agency said. After 7. Though 90% of cocaine is seized on maritime routes, significant amounts have also been intercepted in Niger, Burkina Faso and Mali since 2021. Another Cape-Town-based designer, Lukhanyo Mdingi will also feature.

5%-7.9% annual inflation prints across German provinces, an 8% June reading is expected for the country later in the day, compared with 7. The violence has killed thousands of civilians and displaced millions across the region, raising frustrations that stoked a 2020 military coup in Mali and another in Burkina Faso this year. The violence has killed thousands of civilians and displaced millions across the region, raising frustrations that stoked a 2020 military coup in Mali and another in Burkina Faso this year.9% in May. Paul O’Connor, head of Janus Henderson’s multi-asset team in London, predicted “stormy” markets as long as the growth- inflation question marks persisted. At least 57 tonnes of cocaine were seized in or en route to West Africa between 2019 and 2022, according to the UNODC, more than a third of which was found in Cape Verde. “The problem is that the level of inflation is so problematic in so many parts of the world and we are a long way from central banks being able to declare the job is done,” O’Connor said. on Monday. BURKINA Collection SS23 Paris Fashion Week Mens COUTTS AW21 Collection.

“We will undoubtedly get growth downgrades [in the months to come] but we will also get rising perception of recession risk and I don’t think markets are fully priced for it. Reuters.” Sentiment had lifted early on Tuesday on news that China was easing quarantine requirements for inbound passengers in a major relaxation of its “zero Covid” strategy While parts of the Chinese stock market, including property, extended gains on Wednesday, the positive impact of the news largely petered out; Chinese blue-chips, which hit four-month highs on Tuesday, slumped 1.5% and Hong Kong lost 2% “Inevitably, markets tend to overreact to these sorts of news [easing of Covid restrictions] ,” said Carlos Casanova, senior economist at UBP in Hong Kong. “For that to be sustainable, we really want to see these measures materialise into actual reopening.” US futures were flat.

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