Skip to Content

Global stock markets sink as inflation worries mount

BEIJING (AP) - Global stock markets have fallen for a second day, following Wall Street lower as worries about inflation mount. London and Tokyo both lost more than 2% and Shanghai, Frankfurt and Hong Kong also declined.

Wall Street futures were down after the benchmark S&P 500 index recorded its biggest one-day drop in three months following a jump in U.S. inflation.

The price rises reflect growing economic activity and pent-up consumer demand after last year's global shutdown to fight the coronavirus pandemic. But investors worry inflation might weigh on an economic recovery or prompt central banks to withdraw stimulus and near-zero interest rates.

Article Topic Follows: Money and Business

Jump to comments ↓

Author Profile Photo

The Associated Press

BE PART OF THE CONVERSATION

News Channel 3-12 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content