Is it 2008?Global stock markets show the longest decline since the last economic crisis

Is it 2008?Global stock markets show the longest decline since the last economic crisis

Is it 2008?Global stock markets show the longest decline since the last economic crisis

The early economic revival detected during 2021 when countries began to break out of the pandemic blockade was undercut around November as first evidence … 14.05.2022, Sputnik International.

2022-05-14T12: 45 + 0000

2022-05-14T12: 45 + 0000

2022-05-14T12: 46 + 0000

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Global stock prices have generally fallen for about 19 weeks, the longest negative trend since the 2008 economic crisis. The FTSE All-World Index is a benchmark for more than 3,100 companies in almost 50 countries and has been declining for 19 years. Short-term growth in March for several weeks. During this period, FTSE All-World lost 16.49%, not officially falling into a bearish trend, and needs a 20% drop from the last significant high. In mid-2008, FTSE All-World fell 39 times in a row. A few weeks from May 1st. The S & amp; P index, which tracks the performance of companies listed on the US stock market, showed similar results, with a 19-week deficit and a loss of 16.11% across the period. The Nasdaq Composite Index for the market value of US tech companies has deteriorated significantly, losing 26.48% during the 25-week decline. The Shanghai CSI 300 Index, the benchmark for the Asian market, is gradually losing value from the beginning. Similar to the FTSE All-World Index, the STOXX Europe 600 experienced a temporary surge in March and then fell sharply throughout April. However, the European equities index regained 3.62% in the last two days of the week, a stronger rebound from the decline than the US and global indices seen on Friday. Inflation, China’s COVID, High Interest Rates The global stock market is currently under pressure of all kinds. Despite the fact that the global economy is largely postponing lockdowns, it faces high inflation prospects that evaporate the small growth achieved during the 2021 economic recovery. Government measures to combat inflation have led investors to shift funds from more risky equities to more reliable and profitable bonds as interest rates rise in the US, UK and Europe and subsequently yield government bonds. doing. Selling stocks has pushed stocks further down, so far the rise in interest rates has only been a slight drop in inflation, and global instability is also putting pressure on the stock market. One factor is China’s fight against the new COVID-19 pandemic hotspot in the country, where Beijing is fighting a major blockade of cities that have halted economic activity. In such a situation, even the recovery of the stock market on Friday makes positive predictions for economists. Matt Stucky, portfolio manager at Northwestern Mutual Wealth Management, told FT that it is impossible to make reliable predictions at these levels of instability. Government policy. Virtually the entire crypto market has been in the red for the past few weeks, even though some professional investors consider them a safe port against inflation. Negative trends have also affected so-called stablecoins, digital tokens linked to the value of dollars and other cash currencies. So, despite the recent loss of value of terraUSD and Luna tokens, which are considered stable coins tied up in US dollars, little is left for investors. Stay in touch no matter what. Follow the Telegram channel to get all the latest news: https://t.me/sputniknewsus

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