Economic news

Stocks slid globally on messages from central banks and unsettled international trade

Global stocks fell today as the upcoming G7 summit is expected to be largely focused on trade disputes and as risk sentiment is burdened by return of central banks’ urge to tighten monetary policy.

Shares of 47 countries are monitored by the MSCI All-Country World index, and it dropped almost 0.5% till midday in the EU, remaining on the trajectory to record three consecutive weeks of falls.

Judging by futures Wall Street was to start lower. Risk-off tone was dictated by concerns of trade conflicts, probable U.S. interest rate increases, and widely anticipated easing of monetary stimulus by the ECB, as investors reported.


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