Global markets are set to close out the worst first half since 1970 on fears monetary tightening will lead to recession.
Investor sentiment around the world took a hit in June, according to one measure, with global equity markets closing out an ugly first half to 2022.
State Street data showed a fall in global investor confidence in June after perking up in May, while central banks worldwide lay out plans to aggressively hike interest rates as they pivot from sustaining the economy during the COVID-19 pandemic to squashing persistent inflation. The STOXX Europe 600 Index FXXP00 was down 6.22 points, or 1.51% on Thursday, the last trading day of the first half of 2022, while the FTSE 100 UKX , an index of the leading U.K. companies, was down 0.2%.
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