Posted 4/11/2024, 12:25:07 PM
Stocks Slide, Euro Drops as Inflation Worries Keep Markets on Edge
- Stocks fell on concerns that hotter US inflation could keep Fed policy restrictive for longer
- The euro dropped vs the dollar after the ECB signaled a rate cut is on the table for June
- US PPI data due later could add to inflation worries if it comes in high
- Tesla CEO Musk to visit India and meet Prime Minister Modi, sparking investment speculation
- Airlines Lufthansa clinched wage deal with cabin crew, ending months of strikes