Fri, 2022-10-28 15:51
LONDON: World share markets slipped for a second day running on Friday as a near $1 trillion weekly wipeout in top tech stocks outweighed hopes of a slowdown in Fed and ECB rate rises and news that the US economy is not in recession.
European shares and Wall Street futures were both 0.5 percent lower as Thursday’s weak forecasts from Amazon and Apple sent Europe’s tech sector down more than 2 percent and the prospect of renewed COVID-19 curbs in China hit mining and oil firms.
Main category:
Business & Economy
