Stocks and oil dive as investors hunt safe havens

Published by
Reuters UK

By Sinéad Carew NEW YORK (Reuters) – Stock indexes around the world fell sharply, oil prices sank about 6% and the dollar finished just off a 20-year high as investors fled risk and sought safe havens due to worries about inflation and slower global economic growth. Oil prices tumbled as coronavirus lockdowns in China, the top oil importer, fed worries about energy demand. Gold fell and bitcoin plunged to its lowest level since July 2021. U.S. Treasury yields eased after the benchmark 10-year note hit 3-1/2 year highs as traders braced for consumer price data and the auction of $103 billion in…

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