Stock exchanges deep red: stock markets sag, leading index SMI deep in the red

Sometimes they are also very clear. The specter of interest is back, comments one trader. Investors simply ignored the recent statements by Fed Chair Jerome Powell. “The supreme monetary authority has announced that it will raise interest rates until inflation falls – and if necessary, to act even more aggressively.”

Another observer speaks of “fear trading”. After the optimism that flared up briefly over the course of the week, investors are now focusing entirely on the consequences of persistently high inflation. The disappointing figures from large retailers have added fuel to the fire, especially in the USA.

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