In Asian Equity Markets stocks slid on Thursday, tracking a steep Wall Street selloff, as investors worried about global inflation, China’s zero-COVID policy and the Ukraine war, while the safe-haven dollar eased. MSCI’s broadest index of Asia-Pacific shares outside Japan snapped four days of gains and fell 1.8 percent, dragged down by a 1.5 percent loss for Australia’s resource-heavy index, a 2.1 percent decrease in Hong Kong stocks and a 0.3 percent retreat in mainland China’s bluechips. Japan’s Nikkei shed 1.7 percent.

In Currency Markets the U.S. dollar edged lower in early European trade Thursday, handing back some of the previous session’s substantial gains although the safe haven remains in demand with risk sentiment fragile. The Dollar Index traded 0.1 percent lower to 103.770, following a 0.6 percent jump during the previous session. Euro climbed 0.2 percent to $1.0487, after Wednesday’s 0.8 percent decrease, sterling rose 0.2 percent to $1.2367, after falling 1.2 percent overnight, following a rise in U.K. inflation, fostered worries for a sharp economic slowdown.

In US Equity Markets stocks ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of rising prices. The S&P 500 declined 4.04 percent to end the session at 3,923.68 points. The Nasdaq declined 4.73 percent to 11,418.15 points, while Dow declined 3.57 percent to 31,490.07 points. Target Corp’s first-quarter profit fell by half and the company warned of a bigger margin hit on rising fuel and freight costs. Its shares fell about 25 percent.

In Commodities Markets oil prices fell 2.5 percent on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower. Brent crude futures for July settled down 2.5 percent, at $109.11 a barrel. U.S. West Texas Intermediate (WTI) crude for June fell 2.5 percent, to $109.59 a barrel. Spot gold rose 0.1 percent to $1,816.49 per ounce. Spot silver fell 0.9 percent to $21.42 per ounce, platinum fell 1.6 percent to $935.49 and palladium fell 3.1 percent to $1,990.06.

In European Equity Markets stocks fell on Wednesday led by technology stocks as worries about inflation and monetary policy tightening dampened optimism around China’s economic recovery, while shares of UniCredit and Commerzbank rose. The pan-European STOXX 600 index fell 1.1 percent after rising a little more than 3 percent since Friday. Technology shares fell 2.7 percent, while a fall in copper prices weighed on basic material stocks. Dutch bank ABN Amro topped profit estimates but shares fell 11.9 percent as it warned about the impact of the war in Ukraine.

In Bond Markets U.S. Treasury yields fell in choppy trading on Wednesday, tracking losses on Wall Street, after poor U.S. housing data added to growing slowdown concerns amid aggressive monetary tightening by the Federal Reserve. In afternoon trading, 10-year yields slid 7 basis points to 2.896 percent, while the 30-year bond yield fell 8 basis points to 3.08 percent. On the front end of the curve, U.S. two-year yields, which are sensitive to Fed rate expectations, were down 2.6 basis points at 2.671 percent.