HomeNewsNewsWorld shares sink as inflation, economic fears persist

World shares sink as inflation, economic fears persist

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 12, 2022. REUTERS/Brendan McDermid

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  • Wall Street whipsaws, S&P closes lower on worries of prolonged inflation
  • Oil settles mixed amid Beijing lockdown fears, tight supplies

NEW YORK, May 12 (Reuters) – World equities fell on Thursday to an 18-month-low, with markets dogged by fears high inflation would persist and force central banks to keep tightening monetary policy.

In the United States, stocks ended a whipsaw session slightly lower, as investors juggled fears of nagging inflation with signs it could be peaking. The S&P 500 came within striking distance of confirming a bear market since swooning from its all-time high reached in January.

In Europe, economic worries were exacerbated by a German warning that Russia was now using energy supplies as a “weapon.”

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