Growth fears strain sentiment

24-5-2022 Financial Mirror FinancialMirror Warm

Growth fears strain sentiment

By Lukman Otunuga, Senior Research Analyst at FXTM

Asian shares and US equity futures flashed red Tuesday morning despite the overnight rally on Wall Street. Investors seem to be on edge, adopting a defensive approach towards risk amid fears over the global economic outlook and concerns around inflation.

These negative themes overshadowed Monday’s optimism offered by President Joe Biden’s comments on removing some tariffs on Chinese imports. The overnight warning from Snap that it was unlikely to meet revenue and profit forecasts added to the risk-off mood, pulling US futures lower.

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Article automatically added to our system on Tuesday, May 24, 2022

Growth fears strain sentiment

Article Tags: #growth #fears #strain #sentiment

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