Global Stock Indices Decline Amid Geopolitical Crisis
Risk aversion continues to dominate the world's financial markets. The Japanese yen remains the strongest currency, followed by the Swiss franc. Commodity currencies are under pressure.
Global stock indexes are declining. DOW fell by 0.93%, to close at 21844.01. S&P 500 lost 1.45%, to close at 2438.21. The Asian stocks also fell significantly. Hong Kong's HSI fell by 1.8%, Korean KOSPI declined by 1.7%, and the Australian ASX 200 fell by 1.3%.
New York Fed President William Dudley said that inflation will begin to grow in the medium term. But the politician also noted that inflation will not reach the target value of the US Federal Reserve in 2% this year.