Fears of global recession mount; stock, oil market rumble | Latest English News
Also at this hour after witnessing a temporary relief on Tuesday.
Global stock markets once again tumble today on global recession fears, Oil prices and shares have hit these kids at the persistent palpitations about rising interest rates and recessions struck again.
Investors are continuing to assess how worried they need to be about central banks, potentially pushing the world economy into recession as they attempt to curb red hot inflation with interest rate increases.
Emerging market investors have once more reason to worry about a seemingly unstoppable US dollar In Asia, the Japanese currency yen hit a fresh 24 year low against the dollar, while India's rupee also touched a record low of 78.40 a dollar in trade today.
The US president Joe Biden, expected to call for a temporary suspension of the 18.4 cents a gallon federal tax on gasoline. Brent dropped $5 209.79 dollars a barrel. A US crude fell 5.9% or 5.37 dollars to $104.15.
Cryptocurrency Prizes also today showed tentative signs of recovering from last week's route.
The world's largest and most popular Cryptocurrency rows not 0.5% and was holding about $20,000.
The global Cryptocurrency Market Cap is still below the $1 trillion and crypto investors have collectively lost $2 trillion worth of value in the last few days since the crash began.