Daily Market Review: Equities Tumble as Inflation Fears Mound
Channel: JFD Brokers
Date: 2022-05-19

Daily Market Review by Charalambos Pissouros

Equity markets turned south yesterday, as investors became concerned again over surging inflation, with #Target Corp announcing a 50% drop in quarterly profits and warning over a bigger margin hit later this year due to rising fuel and freight costs. In the #FX world, the British #pound was the main loser among the majors, despite data showing that inflation rallied to 9.0% yoy in April. We also got Canada’s CPIs yesterday, while tomorrow, during the Asian trading, it’s the turn of Japan to publish inflation numbers.

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