Wall Street capped a week of losses with a broad rally for stocks Friday, as investors welcomed solid earnings from big companies and an encouraging report on consumer sentiment and inflation expectations. A July survey from the University of Michigan showed that inflation expectations have held steady or improved, along with general consumer sentiment. The…
BEIJING (Reuters) -China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months from a darkening global outlook. Friday’s frail data adds to fears of a global recession as policymakers jack up interest rates to curb soaring inflation, heaping…
By Davide Barbuscia NEW YORK (Reuters) – Rising recessionary concerns are seeing some investors reduce risk in their credit exposure as they brace for an economic slowdown whose magnitude remains highly uncertain. U.S. bonds have been hurt by rising interest rates and unrelentingly high inflation, but over the past few weeks the market focus has…
