Selloff Deepens As Boe Takes Center Stage After Fed Warning Markets Fold
Most Read by Bloomberg S&P 500 futures fell 0.7% after Wednesday’s 2.5% drop. Discounts spread to Europe and Asia, where confirmation of China’s stance on Covid-Zero dashed hopes for a reopening. Moderna Inc., Qualcomm Inc. and Roku Inc. fell in premarket trading, while Etsy Inc. and eBay Inc. they rose. The Fed’s 75 basis point hike is likely to be followed by a similar hike from the Bank of England later on Thursday, although rates there are potentially capped by the risk of a deep recession....