- April 26, 2022
- Posted by: Stratford Team
- Category: Economy
WASHINGTON/LONDON, April 25 (Reuters) – European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk.
Fears over China’s COVID-19 outbreaks spooked investors already worried that higher U.S. interest rates could dent economic growth. U.S. shares were lower throughout most of the session, extending last week’s sharp declines. The CBOE Volatility index (.VIX) known as Wall Street’s fear gauge, hit the lowest level since mid-March.
Twitter Inc (TWTR.N), shares rose on news that Elon Musk, the world’s richest person, clinked a deal to pay $44 billion cash for the social media platform populated by millions of users and global leaders. read more
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After news of the deal, Wall Street reversed course…