Monday, 9 May 2022

S&P 500, Nasdaq 100 Body-Slammed on Recession Angst, April US Inflation Data Eyed

U.S. stocks plunge on Monday, weighed down by recession fears and monetary policy angst, with the S&P 500, Nasdaq 100 and the Dow Jones all dropping to fresh 2022 lows.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...