Updated 19 hours ago ·
Published on 30 Sep 2022 8:00AM ·
EUROPEAN and US equities sank yesterday on fears that rising interest rates will spark a global recession, while the pound clawed back ground one day after emergency bond-market intervention from the Bank of England.
“Higher US Treasury yields, inflation and rising recession fears are back in the driving seat,” said market analyst Fiona Cincotta at City Index.
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