Global equities waver, oil falls amid recession fears

Euro hits $1.00005, dollar soars to new two-decade highs

 

 

WASHINGTON, July 12 (Reuters) - World stocks traded mixed while oil prices and bond yields dipped as traders fretted over prospects of further central bank tightening and worries about the health of economies worldwide.

The dollar's role as the safe-haven go-to currency for investors concerned about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs against multiple currencies, while the euro sank to within a whisker of parity with the dollar.

The pan-European STOXX 600 index (.STOXX) lost 0.26% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.54%.

https://www.reuters.com/markets/europe/global-markets-wrapup-1-2022-07-12/?utm_source=Sailthru&utm_medium=newsletter&utm_campaign=daily-briefing&utm_term=07-12-2022

Wow, some economic news relevant to nationals from dozens of countries. And this after a Germany-specific headline.

 

World News is finally beginning to resemble world news! Bravo.

2 hours ago, Atlantis said:

Wow, some economic news relevant to nationals from dozens of countries. And this after a Germany-specific headline.

 

World News is finally beginning to resemble world news! Bravo.

Germany specific? The Euro is not the Deutschmark which no longer exists.

 

On 7/13/2022 at 2:28 AM, placeholder said:

Germany specific? The Euro is not the Deutschmark which no longer exists.

 

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