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Europe and Asia Once Again Fixated on U.S. Interest Rate Fears, As Economy Strengthens

July 26, 2023
in Trade Tube
Reading Time: 1 min read
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European and Asian markets fall after Friday’s U.S. non-farm payroll figures reignite worries that the Fed could boost interest rates early, causing capital flight, hitting emerging market currencies and hurting developed-nation exports to emerging nations. European Central Bank starts long-awaited quantitative easing program. Swiss investor said to question Lafarge’s valuation in the French cement group’s $39 billion merger with Swiss building materials peer Holcim. British government continues its slow sell down of part nationalized bank Lloyds. Advertising titan WPP sees profits up, strong 2015 in the works.

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