Stock markets extend their slump as expectations for Fed rate cuts crumble due to a hotter-than-expected inflation report and bond market selloff. The third consecutive month of inflation exceeding Wall Street forecasts continues to rattle markets.
U.S. equity futures and stocks decline as investors shift focus to bank earnings and revised Federal Reserve interest rate predictions. Asian stocks and currencies plummet on concerns of rising U.S. interest rates and China's slowing growth, despite China's GDP surpassing expectations.
Veteran fund managers issue warnings about potential risks in the stock market, despite recent strong performance, citing worries about overvaluation and upcoming headwinds. Vietnam's VN-Index hits a 7-week low amid market turbulence, with trading slowing down and mixed performance among stocks.
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