Rising Borrowing Costs Send World's Stock Markets Down.
London, Monday, 29 August 2022
On Monday, the world's stock markets were down due to worries about rising borrowing costs as central banks around the world signalled they will keep raising interest rates to combat inflationary pressures.
Fed Chair Powell reaffirmed the need for a long period of restrictive monetary policy to lower inflation on Friday.
Major European stock exchanges were down almost 1%, and stock futures in the US likewise suggested a shaky opening.
(Report by: The Decision Maker - Finance editors)