WORLD MARKETS

World Markets Daily News – In Brief – Saturday 24/09/2022

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. REUTERS (UK)

Wall St Week Ahead Investors wonder when vicious sell-off in U.S. stocks will end

A week of heavy selling has rocked U.S. stocks and bonds, and many investors are bracing for more pain ahead

. CNBC (US)

From the Fed to Europe’s currency crisis, here’s what’s behind this selloff in financial markets

Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that its battle with inflation could result in much higher interest rates and a recession

. THE FINANCIAL TIMES (UK)

Pound tumbles below $1.09 after UK’s £45bn tax cut package

Kwarteng axes top rate of income tax and reduces basic rate but gilt yields surge on government borrowing fears

. THE WALL STREET JOURNAL (US)

Stocks, Oil Slump Over Worries About Global Growth

The Dow industrials dropped nearly 500 points and closed at a low for the year, extending a selloff amid new signs of slowing global growth. Treasury yields rose to their highest level in more than a decade. Stocks in Europe and Asia fell, while European government bonds also took a hit.