scorecardresearchGlobal markets are up and this is the reason why

Global markets are up and this is the reason why

Updated: 05 Jul 2022, 01:58 PM IST
TL;DR.
  • The mood on trading floors has become increasingly gloomy in recent months as observers warn that sharp interest rate hikes aimed at curbing price rises could cause a contraction, compounding uncertainty caused by Russia's war in Ukraine.
US President Joe Biden during a Fourth of July event on the South Lawn of the White House in Washington, D.C., US, on Monday, July 4, 2022. Biden�said he spoke with officials in Illinois after a mass shooting in a suburb of Chicago and pledged federal law enforcement assistance in finding the gunman. Photographer: Ting Shen/Bloomberg

US President Joe Biden during a Fourth of July event on the South Lawn of the White House in Washington, D.C., US, on Monday, July 4, 2022. Biden�said he spoke with officials in Illinois after a mass shooting in a suburb of Chicago and pledged federal law enforcement assistance in finding the gunman. Photographer: Ting Shen/Bloomberg