Markets mostly fell Thursday following a tepid performance in New York and Europe as traders fret over the inflation outlook and central bank plans to hike interest rates to tame rampant prices.
Wall Street closed relatively flat following mixed corporate results, and as a Federal Reserve report said that the US economy was “little changed” in recent weeks.
Results from US regional banks will also be coming into focus after last month’s turmoil in the sector that saw three go under and Credit Suisse taken over.
Markets have in recent days been optimistic that central banks, and particularly the Fed, will be able to wind down their rate hiking drive soon after data showed inflation coming down.—AFP
