U.S. stocks swung between gains and losses on Monday morning as Wall Street tried to shake off a brutal month that saw the Nasdaq Composite suffer its worst stretch since 2008.
European stocks slide after weak China data, Wall Street sell-off; UK market closed
European markets started the month of May on a weaker footing, with investors monitoring monetary policy, inflation data, and sharp moves on Wall Street.
The Federal Reserve’s fight with inflation could cool the hot labor market, risking stagflation
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high.