scorecardresearchGlobal Markets Wrap: Stocks Drop, Europe Futures Sink on Energy Crunch

Global Markets Wrap: Stocks Drop, Europe Futures Sink on Energy Crunch

Updated: 05 Sep 2022, 08:33 AM IST
TL;DR.
European equity futures tumbled and the euro fell Monday as the region’s worsening energy crisis added to concerns about a global economy already facing high inflation and a wave of monetary tightening.
Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Sept. 2, 2022. Asian stock markets were mixed Friday ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging inflation. (AP Photo/Ahn Young-joon)

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Sept. 2, 2022. Asian stock markets were mixed Friday ahead of U.S. jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging inflation. (AP Photo/Ahn Young-joon)