European stock exchanges weak, purchases on safe haven assets return

Fears about an economic slowdown and still untamed inflation at the global level are once again worrying stock markets, with investors moving into safe-haven assets starting with gold.

Wall Street closed lower in Tuesday’s session after signs of a slowdown in the labour market again stoked fears for the US economy.

In addition, the Cleveland Fed forecast consumer prices to rise again in March. In Asia Tokyo closed sharply lower, New Zealand’s stock markets also did poorly after the central bank raised interest rates by half a basis point, more than expected, to combat inflation, pushing the New Zealand dollar to its highest level since mid-February. (ilsole24ore)