📆 Friday, June 23
► Global stocks are heading for the largest weekly decline in over three months, fueled by fears of recession due to an anticipated rise in interest rates by central banks and/or high rates for longer
► European equities have been dropping for five consecutive days, with Siemens Energy witnessing a record 36% fall in shares after a profit warning. Asian markets, particularly Hong Kong, also posted significant losses.
► Markets are increasingly anxious about potential recessions triggered by higher interest rates. According to Paul Donovan, Chief Economist at UBS Global Wealth Management, the financial narrative is shifting towards this concern.
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