Central Bank of Mongolia

Financial Markets Pounded With Data Pointing to Recession Superimposed on Elevated Inflation, Illness, and Neverending War

December 16, 2022

A continuing flight from stocks, bonds, and crypto this Friday saw Equities close down 1.9% in Japan, 1.4% in Taiwan, and 1.0% in Singapore. Late in Europe’s day, share prices are down 0.9-1.4% in Germany,  France, Great Britain and Spain, and all three major U.S. indices have lost over 1.0% on top of big losses […] More