‘The slowdown story is a complication’ — Global stocks are down after central banks warn on growth

  • Asian and European stocks and US futures fell on Thursday after central banks warned of a global economic slowdown and Brexit uncertainty looked set to linger for another six months.
  • The European Central Bank (ECB) pledged to leave interest rates untouched for at least the rest of 2019, and promised more support if the current slowdown continues.
  • Minutes from the US Federal Reserve’s March meeting signaled the central bank would continue holding off on hiking interest rates.
  • British Prime Minister Theresa May secured a six-month extension to the Brexit deadline, giving her until the end of October to win parliamentary support for her divorce deal with the EU.

Source: ‘The slowdown story is a complication’ — Global stocks are down after central banks warn on growth

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