The pan-European 600 index .STOXX lost 1.53% and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.82%.On Wall Street, stock indexes tumbled on Thursday after weaker-than-expected earnings from big U.S. banks JPMorgan Chase & Co and Morgan Stanley underscored growing fears of a sharp economic downturn. The Dow Jones Industrial Average .DJI fell 0.46%, the S&P 500 .SPX lost 0.30% and the Nasdaq Composite .IXIC added 0.03%.皇冠登三出租（www.hg108.vip）是皇冠（正网）接入菜宝钱包的TRC20-USDT支付系统，为皇冠代理提供专业的网上运营管理系统。皇冠登三出租系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统，让皇冠代理的运营更轻松更安全。
WASHINGTON: Global equity markets edged lower on Thursday and oil slipped while the safe-haven dollar rose after the latest red-hot U.S. inflation reading heightened investor fears about Federal Reserve interest rate hikes and a possible recession.
Wednesday's data showed U.S. consumer prices jumped 9.1% year-on-year in June, up from May's 8.6% rise.
The data was seen as firming the case for the Federal Reserve to raise rates aggressively. Policymakers might consider a 100 basis point increase at the July meeting, Atlanta Federal Reserve Bank President Raphael Bostic said.
The pan-European 600 index .STOXX lost 1.53% and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.82%.
On Wall Street, stock indexes tumbled on Thursday after weaker-than-expected earnings from big U.S. banks JPMorgan Chase & Co and Morgan Stanley underscored growing fears of a sharp economic downturn.
The Dow Jones Industrial Average .DJI fell 0.46%, the S&P 500 .SPX lost 0.30% and the Nasdaq Composite .IXIC added 0.03%.,
Meanwhile, the dollar .DXY soared to a 20-year high, emerging as a preferred save haven amid growing economic risks of late, as gold slumped more than 2% to a near one-year low on Thursday. The dollar index =USD rose 0.351%, with the euro EUR= down 0.47% to $1.0013.
"The Fed probably needs to temper people’s expectations in terms of what they can do," said Eddie Cheng, head of international multi-asset investment at Allspring Global Investments.
"In the past hiking cycle, we have observed that inflation kept rising during the hiking cycle.... It takes time for the monetary policy to affect inflation."
Cheng said that riskier assets will be the "collateral damage" in the Fed's attempts to reign in inflation.
JPMorgan Chase, the United States' biggest bank, reported a fall in second-quarter profit. Chief Executive Jamie Dimon warned that geopolitical tension, high inflation, waning consumer confidence, the never-before-seen quantitative tightening and the war in Ukraine "are very likely to have negative consequences on the global economy sometime down the road."
"There was an irrational response to the JPMorgan and Morgan Stanley results," said Jay Hatfield, chief executive and portfolio manager at InfraCap in New York. "It wasn't a surprise that investment banking was weak.
"JPMorgan warned that there's uncertainty in the market, but if you're alive and breathing you know there’s uncertainty in the market."鹰潭新闻网声明:该文看法仅代表作者自己，与鹰潭新闻网无关。转载请注明：新2查账网址（www.hg108.vip）:GLOBAL MARKETS-World stocks slump, greenback gains grow as rate hike bets keep investors cautious