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World stocks slip into the red as inflation, earnings loom large
![IndiaTimes]()
Monday, 8 January 2024
Global shares edge into the red as investors brace for US inflation data and a corporate reporting season to justify high valuations; Geopolitical tensions rise as disruptions in the Red Sea raise shipping costs in Europe and the Israeli conflict with Hamas threatens to spread to Lebanon; European oil and gas stocks fall following sharp price cuts by Saudi Arabia and a rise in OPEC output; US congressional leaders agree on a $1.6 trillion spending deal to avert a partial government shutdown; MSCI's broadest index of stocks slips almost 1% after retreating 2.5% last week.
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Monday, 8 January 2024
