. REUTERS (UK)
Wall St ends up but still down on week as volatility rules
U.S. stocks closed with a modest bounce on Friday but still suffered the biggest weekly percentage decline in two years as investors wrestled with the growing likelihood of a recession while global central banks tried to stamp out inflation.
. MONEY CONTROL (INDIA)
Dalal Street Week Ahead: 10 key factors to watch out for
A turbulent week for investors ended with the Indian equity market marking its worst week since May 2020 amid a global sell-off.
. CNBC (US)
Bitcoin briefly dropped below $17,800 as sell-off accelerates — here’s what happened
Bitcoin plunged to about $17,749 and ether fell to about $897 at around 4:15 E.T. on Saturday afternoon, as the sell-off in the crypto market accelerates. The world’s two most popular cryptocurrencies are down more than 35% in the past week, as both breach symbolic price barriers.
. THE RIO TIMES (BRAZIL)
Argentina is one of Latin America’s three riskiest countries to invest
Amid the local bond crisis, the country’s risk reached 2,190 points and is only surpassed in the region by Venezuela and El Salvador.
. BLOOMBERG (US)
Nearly All of Wall Street – and the Fed – Botched Calls for 2022
So far 2022 has been a year where just about everyone on Wall Street got it wrong. As did the Fed and a cadre of global central banks.