Daily Market Review: Stock Markets Continue to Slide, BoC Delivers a Hawkish Double Hike

Daily Market Review by Charalambos Pissouros

Stock markets continued sliding yesterday, with weak German retail sales and slowing factory activity in the Eurozone due high #inflation perhaps prompting some #market participants to add to bets that the #ECB needs to act faster than previously anticipated. Yesterday, we also had a BoC decision, with the bank delivering another double hike, and reiterating willingness to act more forcefully if needed.

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