Recession Fears Haunt Markets [Barron's]
HARGREAVES LANSDOWN ADR (HRGLY)
NASDAQ:AMEX Investor Relations:
hl.co.uk/investor-relations
Company Research
Source: Barrons
UPDATES with Wall Street Asian and European stock markets mostly nursed losses Wednesday on resurgent fear that sharp interest rate hikes, aimed at tackling runaway inflation, could spark recession, dealers said. The losses came after a gloomy US consumer confidence report had sent Wall Street tumbling on Tuesday. US stocks stabilised on Wednesday, with the Dow adding 0.3 percent while the tech-heavy Nasdaq dipped slightly. European sentiment was rocked also by data showing Spanish inflation rocketed to a 37-year peak of 10.2 percent in June on rising energy and food prices. The news sent the Madrid stock market down 1.3 percent, with Frankfurt showing a similar loss. Paris shed 0.8 percent. London managed to break into the green and show a small gain. "So much for the big stock market comeback. Another day, another sea of red on the market," said AJ Bell investment director Russ Mould. The selloff followed more than a week of global gains caused by hopes that any signs of cont
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