Not exact matches
Wall Street stock futures are lower this morning
over renewed fears for the
global economy after some weak Japanese economic data and some routine gloom from the Bank of England, which is
worried, among other things, by the potential impact of the U.K.'s vote on whether to leave the E.U..
Markets have had a wild ride in January amid
worry over China's weakening
economy, a plunge in oil prices and heightened
global geopolitical tension.
Five years after the onset of the
global recession of 2008 — 2009, the sluggish pace of recovery and
worries over employment and financial security continue to weigh heavily on consumer sentiment in developed
economies.
The moves higher in
global stock markets have been accompanied by a recovery in oil prices to
over $ 48 a barrel, receding
worries about the Chinese
economy, and the U.S. Federal Reserve indicating it is in no hurry to tighten policy.
A new survey by our Grassroots ® Research team — Allianz
Global Investors» proprietary in - house research division — has found that UK residents are growing more concerned about employment, less confident in their household finances and more
worried about Brexit hurting the
economy over the long term.
Markets were already jittery
over the health of the
global economy and
worries over when the US may start raising interest rates.
While some
worry about the application of these technologies eroding the US $ 650 billion
global legal sector, others are captivated by the opportunities resulting from AI and its cousins reinventing the US $ 78 trillion
global economy — which could grow to US $ 120 trillion by 2025 — with
over 50 % of that coming from fledgling firms and companies and sectors that don't yet exist.