Global Market Insights - Forex, Futures, Stocks

Wall Street under pressure as growth risks dominate

June 30, 2022 XM.com
Global Market Insights - Forex, Futures, Stocks
Wall Street under pressure as growth risks dominate
Show Notes

Markets price in Fed rate cuts for next year as recession woes deepen. Dollar powers up, euro/franc breaks below parity, stock futures drop. Oil retreats ahead of OPEC decision, America moves to ban TikTok.

Traders play some defense after US consumer confidence disappoints. Dollar dominates, franc shines, tech stocks back under selling pressure. German inflation stats and speeches by Fed, ECB, and BoE leaders today.

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