Boohoo Group Plc shares slumped to an eight-year low after the UK fast-fashion retailer cut its earnings and revenue forecasts as it lowered prices to attract cash-strapped shoppers.
Stocks dropped with US Treasuries after hawkish signaling from the Federal Reserve bolstered speculation the US central bank will keep raising interest rates to counter inflation.
China Evergrande Group soared as it returned from a trading halt, driven by what appears to be bets on a penny stock even as the developer’s fate hangs in the balance amid an official probe into its billionaire founder.
Turkish inflation accelerated in line with forecasts to exceed 61% for the first time this year as higher energy costs complicate efforts to contain domestic demand with jumbo interest-rate hikes.
Egyptian President Abdel-Fattah El-Sisi confirmed he’ll seek a another term in December elections he’s widely expected to win, as the nation reels from its worst economic crisis in years.
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