Global selloff deepens on risk aversion, Dollar tumbles

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Global stock markets crumbled on Thursday following a painful session on Wall Street overnight that saw U.S. stocks suffer their worst selloff in more than eight months.

While U.S. President Donald Trump’s renewed criticism of the Federal Reserve for hiking interest rates played a role behind the steep selloff, there were other key factors brewing in the background. It is becoming clear that global equity markets are facing a perfect storm of headwinds such as rising U.S. bond yields, U.S.-China trade disputes, global growth concerns and prospects of higher U.S. interest rates. For as long… Read More

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