Global Markets React to US-Iran Tensions and Economic Data
TL;DR Summary
Global stock markets experienced a selloff as investors grappled with concerns over higher interest rates, China's economic slowdown, and an Israeli counter-strike. The Stoxx Europe 600 Index dropped 1.5%, mirroring declines in Asian and US equities. There is worry that the strong bullish sentiment among investors may limit further market gains, as fund managers' allocation to equities reaches a two-year high according to a Bank of America Corp. survey.
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- World leaders urge Israel not to retaliate on Iran: Latest The Associated Press
- Asia markets sell off amid Iran-Israel tensions; China's GDP beats expectations CNBC
- Stock market today: Asian shares track Wall Street slump triggered by strong US spending data The Hill
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