📆 Tuesday, April 16
► A sharp selloff in European stocks mirrored earlier losses in Asia and on Wall Street, driven by concerns over high US interest rates, a slowing Chinese economy, and ongoing Middle East tensions. The Stoxx Europe 600 index suffered its largest one-day drop since October, tumbling over 1.3%. US equity futures also edged lower, reflecting a market fraught with caution. UK's unemployment unexpectedly rose to 4.2% in February, stirring concerns about the economic outlook and increases the pressure on the Bank of England to ease monetary conditions while addressing inflationary pressures without stifling growth.
► Concerns over high US interest rates, a troubling Chinese economy and ongoing tensions in the Middle East led to a sharp fall in European stock markets, mirroring earlier losses in Asia and on Wall Street. The Stoxx Europe 600 Index recorded its weakest opening since October, falling by over 1.3 %. US equity futures also fell significantly yesterday, reflecting a market characterized by caution. The UK unemployment rate unexpectedly rose to 4.2% in February, stoking concerns about the economic outlook and increasing pressure on the Bank of England to ease monetary conditions while countering inflationary pressures without stifling growth.
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