Market fears surrounding US inflation has fuelled declines in | FXTM Forex Market News

Market fears surrounding US inflation has fuelled declines in global equities, with Asian benchmark stock indices falling in tandem with the drop in US stocks.

On Wednesday, the Dow fell 1.99% to register its largest single-day loss since January, wiping out all of its month-to-date gains, while the S&P 500 and the Nasdaq dropped by more than two percent respectively.

The MSCI Asia Pacific index followed suit on Thursday morning by erasing all of its year-to-date gains.

Markets spooked by higher-than-expected CPI

Wednesday’s US inflation data release shoulders much of the... Read More (https://www.forextime.com/market-analysis/inflation-angst-roils-markets)