Shoppers walk down Fifth Avenue on Black Friday in New York. Associated Press
World shares dipped on Monday as the US Senate’s passage of a $1.9 trillion stimulus bill put fresh pressure on Treasuries and tech stocks with lofty valuations, raising inflation jitters.
Asian shares pushed higher on Friday after US President Joe Biden signed a $1.9 trillion stimulus bill into law, and as a retreat in bond yields overnight eased global concerns about rising inflation.
World shares sank on Monday as expectations for faster economic growth and inflation battered bonds and boosted commodities, while rising real yields made equity valuations look more stretched in comparison.
Equity markets across the world tumbled on Tuesday as a fierce global selloff erupted on fears over spiking inflation, dealers said. London stocks dived 3.0 per cent, Frankfurt slumped 2.5 per cent and Paris shed 2.3 per cent in afternoon deals.
In December last year, Twitter relaunched its Blue subscription service with verification, costing $8 for Android users and $11 for iPhone owners per month.
The Expo Centre Sharjah has made a noteworthy appearance at the 2023 Global CEO Summit, hosted by the prestigious Global Association of the Exhibition Industry (UFI).
Over 500 energy industry heavyweights and 30,000 participants will descend on the southern Indian city of Bengaluru on Monday to discuss the future of renewables