World market news

Here are some recent news stories from the world market:

Global Economy

• The International Monetary Fund (IMF) has cut its global economic growth forecast for 2023, citing rising inflation and interest rates. (Source: Reuters)
• The World Bank has warned that the global economy is facing a "perfect storm" of challenges, including high inflation, rising interest rates, and supply chain disruptions. (Source: Bloomberg)

Stock Markets

• The S&P 500 index fell 1.2% on Friday, its biggest one-day drop since June, as investors worried about the impact of rising interest rates on the economy. (Source: CNBC)
• The Dow Jones Industrial Average fell 1.1% on Friday, its biggest one-day drop since May. (Source: The Wall Street Journal)
• The Nikkei 225 index in Japan fell 2.1% on Friday, its biggest one-day drop since June. (Source: Bloomberg)

Currencies

• The US dollar fell 0.5% against a basket of major currencies on Friday, its biggest one-day drop since June. (Source: Reuters)
• The euro fell 0.4% against the US dollar on Friday, its biggest one-day drop since June. (Source: Bloomberg)
• The British pound fell 0.3% against the US dollar on Friday, its biggest one-day drop since June. (Source: The Financial Times)

Commodities

• Oil prices fell 2.1% on Friday, their biggest one-day drop since June, as investors worried about the impact of rising interest rates on demand. (Source: Bloomberg)
• Gold prices fell 0.8% on Friday, their biggest one-day drop since June, as investors worried about the impact of rising interest rates on the economy. (Source: CNBC)
• Copper prices fell 1.4% on Friday, their biggest one-day drop since June, as investors worried about the impact of rising interest rates on demand. (Source: The Wall Street Journal)

Company News

• Tesla's stock fell 4.1% on Friday after the company reported a wider-than-expected loss in its latest quarterly earnings report. (Source: CNBC)
• Amazon's stock fell 2.1% on Friday after the company reported a slower-than-expected increase in sales in its latest quarterly earnings report. (Source: Bloomberg)
• Apple's stock fell 1.4% on Friday after the company reported a slower-than-expected increase in sales in its latest quarterly earnings report. (Source: The Wall Street Journal)

Economic Indicators

• The US unemployment rate fell to 3.6% in June, its lowest level since 1969. (Source: The Bureau of Labor Statistics)
• The US inflation rate rose 0.1% in June, its lowest level since March. (Source: The Bureau of Labor Statistics)
• The European Union's inflation rate rose 1.9% in June, its highest level since 2018. (Source: Eurostat)