scorecardresearchGlobal markets slide ahead of U.S. inflation data, earnings hurdles

Global markets slide ahead of U.S. inflation data, earnings hurdles

Updated: 11 Jul 2022, 01:13 PM IST
TL;DR.
The STOXX index of European shares fell 1.3%, with S&P 500 futures down 0.8% and Nasdaq futures off 0.9% as an upbeat U.S. June payrolls report raised expectations of a 75 basis point hike from the Federal Reserve.
A currency trader walks by the screens at a foreign exchange dealing room in Seoul, South Korea, Friday, July 8, 2022. Asian stock markets followed Wall Street higher Friday after two Federal Reserve officials said the U.S. economy might avoid a recession and a news report said China might boost construction spending to stimulate its struggling economy. (AP Photo/Lee Jin-man)

A currency trader walks by the screens at a foreign exchange dealing room in Seoul, South Korea, Friday, July 8, 2022. Asian stock markets followed Wall Street higher Friday after two Federal Reserve officials said the U.S. economy might avoid a recession and a news report said China might boost construction spending to stimulate its struggling economy. (AP Photo/Lee Jin-man)