Published on 30 Apr 2024 on Reuters via Yahoo Finance
Investors scour the globe for shelter as Wall Street shakes
LONDON (Reuters) — Global investors are eyeing European and emerging market assets to protect themselves from further turbulence in U.S. stocks and bonds as stubborn inflation causes bets on the timing of Federal Reserve interest rate cuts to be revised.
April was a washout on Wall Street, with the S&P 500 share index and U.S. Treasuries posting their biggest monthly loss since September.