Equity markets continued to decline to an 18-month low as concerns over inflation reinforced expectations of monetary policy tightening by central banks.
On Wall Street saw investors try to adjust to concerns that signs of inflation may be peaking, with the Dow Jones Industrial average falling 103.81% or 0.33% at 31,730.3, the S&P 500 losing 5.1 points or 0.13% at 3,930.08 and the Nasdaq Composite added 6.73 points. or 0.06% at 11,370.96.
Meanwhile, in Europe, the economic situation was tense when Germany warned that Russia was now using energy supplies as a 'weapon', causing the STOXX 600 index to fall 0.75%.
The MSCI gauge of worldwide stocks is down 0.69%, the major global index has been down 20% so far this year.
Meanwhile, major pan-Asian indices closed 2.5% weaker at a 22-month low with Japan’s Nikkei falling 1.8 while emerging market shares lost 2.28%.
Meanwhile, the US Department of Labor reported that the producer price index for final demand had risen 0.5% in April, slower than the 1.6% surge in March due to a moderate increase in energy product costs.
In addition, consumer prices slowed to 8.3% in April from 8.5% in March, despite exceeding the 8.1% forecast.
As a result, ANZ analysts concluded that it was a critical time for the Federal Reserve (Fed) to implement an interest rate hike.
The currency summary It can be concluded that the dollar continued to hit a 20 -year high with the dollar index rising 0.711% after reaching the 104.92 level while the Euro fell 0.02% at $ 1.0377.
On the other hand, US Treasury yields declined with 10 -year yield notes down 7.1 basis points at 2.843% after the benchmark government bonds declined at 2.816%.
The cryptocurrency market also experienced a 15% decline from the selling session on TerraUSD stablecoin.
Global sales of crypto have lost nearly $ 1 trillion, which is about 35% of it coming in this week alone.
