From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in financial markets

Trader on the floor of the New York Stock Exchange, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar rose on Friday as investors responded to the Federal Reserve’s signal that its battle with inflation could lead to higher interest rates and a recession. Friday’s selloff was global, in a … Read more

European markets open for closing, earnings, data and news

Fortum shares soar 9.5% ahead of Uniper deal Fortum Shares rose 9.5% in afternoon trading on Tuesday on news that the German government was closing a deal to nationalize the gas giant. Uniper. Germany is considering buying Finnish energy company Fortum’s controlling stake in Uniper, details are expected to be announced on Wednesday. Karen Gilchrist … Read more