Global stock markets catch fever from the Wall Street

Global stock markets catch fever from the Wall Street

Global stock markets catch fever from the Wall Street     Global stocks fell precipitously this week as investors were spooked by a jump in U.S inflation, prompting fears that the Fed will tighten monetary policy. However, global stocks pared losses on Friday after dovish comments from Fed officials allayed fears of an abrupt end to reflation trade. In the U.S, the DJIA (-2.2%) and S&P (-2.8%) suffered huge losses as investors sold off heavyweight “FAANG” stocks, following the Labour Department report which showed that consumer prices increased by the…

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