Global Markets Drop on Persistent Inflation Worries and Economic Slowdown
- Concerns over persistent inflation, rate hikes, and economic slowdown in China and Europe weigh on global markets.
- Yields on long-term US Treasuries rise due to strong economic data, reigniting inflation fears.
- Restrictions on iPhones in China negatively impact Apple stock and suppliers.
- Weak Chinese trade activity and Europe’s shrinking services sector signal a global economic slowdown.
- Major central banks face critical policy decisions on balancing inflation control with economic risks.
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